Tax raids at premises linked to Piyush Jain, a Kanpur businessman who is part of the perfume industry, have recovered more than ₹ 150 crore cash, Vivek Johri, the Chairman of the Central Board of Indirect Taxes and Customs (CBIC), told news agency ANI on Friday.
“This is the biggest recovery in the history of the CBIC. No arrest has taken place so far,” he said.
Photographs from the raid showed two mountains of cash stuffed into two large wardrobes at the residential premises of Mr Jain. The bundles were all wrapped in paper covers and secured with yellow tape. In each photo, there are over 30 such bundles visible.
Another photograph showed officials from the CBIC, the IT department and the Goods and Services Tax (GST) Intelligence unit squatting on a floral sheet spread in the middle of a room and surrounded by yet more piles of cash and three note-counting machines.
The raids on multiple premises in Uttar Pradesh, Gujarat and Mumbai, began Thursday at a factory owned by M/s Trimurti Fragrances – which manufactures the Shikhar brand of pan masala and other scented tobacco products – in Uttar Pradesh’s Kanpur.
Raids were also carried out at offices and godowns owned by a transporter – M/s Ganpati Road Carriers, also in Kanpur – after which the action shifted to Piyush Jain’s premises.
“Based on intelligence inputs, the residential premises of partners of M/s Odochem Industries… who were supplying perfumery compounds… was also searched,” the GST department’s statement said.
“During the search proceedings at the residential premises, huge amounts of cash, wrapped in paper, has been found. Therefore, the process of counting cash has been initiated with the help of officials of State Bank of India (Kanpur), which may continue till (evening of) 24 December…” the statement said.
“The total amount of cash is expected to be in excess of ₹ 150 crores,” it further said.
GST officials said the money was linked to the dispatch of goods via fake invoices and without e-way bills by a goods transporter. These fake invoices were created in the name of imaginary firms.
These invoices were for ₹ 50,000 each, and more than 200 such invoices – created without GST payments – were found in four trucks inside the trader’s warehouse.
India reports over 2.86 lakh new cases with positivity rate at 19.59%; 573 deaths
India recorded 2,86,384 new cases of the novel coronavirus and 573 deaths due to the infection in the past 24 hours. According to the data shared by the Union Health Ministry on Thursday (January 27), the country saw 3,06,357 discharges in the last 24 hours, taking the total recovery rate at around 93.23 per cent total recoveries data reached 3,76,77,328.
The total active cases of COVID-19 in India have risen to 22,02,472 (5.46 per cent), the ministry data showed today.
The total death toll in the country is now at 4,91,700. The first death due to the COVID pandemic in India was reported in March 2020.
The daily positivity rate is at 19.59 per cent today.
According to the Indian Council of Medical Research (ICMR), 72,21,66,248 samples have been tested up to January 25 for COVID-19. Of these, 14,62,261 samples were tested on Wednesday.
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Meanwhile, Delhi Deputy CM Manish Sisodia on Wednesday sounded positive about the reopening of schools in the capital. He said that ‘excessive caution can harm children, which is why reopening schools is necessary to prevent further damage to the socio-emotional well being of students.
The Delhi Disaster Management Authority (DDMA) has called a meeting on Thursday to deliberate on easing the curbs in the national capital because of the improved situation of COVID-19. The issue of reopening schools is also on the agenda.
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