(Image source from: PTI)

Rs 257 Cr Cash Recovered From A Kanpur Perfume Trader:- Piyush Jain, a Kanpur-based Perfume trader was arrested on Sunday night after raids continued for 120 hours. Cash worth Rs 257 crores has been seized from several locations across the country. He was arrested for evading taxes and is linked to the dispatch of goods through fake invoices without e-way bills through goods transported. Goods and Services Tax (GST) officials of Uttar Pradesh and Gujarat participated in the raids. The entire nation is left in shock with the recovered money. He was produced in court today. Rs 10 crores was recovered from the factory of Piyush Jain and Rs 177 crores was recovered from his Anandnagar's house in Kanpur. Rs 107 crores of unaccounted cash was recovered from his Kannauj residence.

19 cash counting machines are used to complete the job. Rs 250 kg of silver along with 25 kg of gold was recovered from Piyush Jain. There are 40 companies owned by Piyush Jain out of which two of them are in Middle East. A total number of 50 officials participated in the operation. 300 keys are recovered and locksmiths are brought to break open the doors. Central Board of Indirect Taxes and Customs (CBIC) said that this is the biggest recovery in the history. Piyush Jain admitted that the cash recovered was from selling the gold of his ancestors. A laptop along with several files were seized. Several property documents are recovered from this businessman by the officials.

He never kept domestic help at his home and Piyush changed the watchmen for every one year. The watchmen were never allowed to enter his residence. To avoid the public eye, Piyush Jain used to drive old cars. 18 lockers were found in the ancestral house of Piyush Jain. Documents of 16 expensive properties were recovered and two among them are in Dubai.