Cupboard full of notes seized in raid for over 24 hours at Kanpur perfume trader’s house

Mangalore Today News Network / NDTV

Kanpur, Dec 24, 2021: A joint team of the Income Tax department and the Directorate General of GST Intelligence (DGGI) is conducting a raid on a perfume trader’s house in Kanpur. The raid that started on Thursday has been going on for nearly 24 hours.The team has recovered notes piled up on shelves in cupboards at the house of perfume trader Piyush Jain in Kanpur. Initially, the team started counting the money manually, but after several hours, a counting machine had to be brought in due to the sheer amount of money.

 

 

So far, six boxes full of notes, seized by the Income Tax Department, have been brought out of Piyush Jain’s house. PAC has been called on the spot.

Piyush Jain conducts business in Kanpur’s Ittarwali Gali, known for perfume trade. He has offices in Kannauj, Kanpurand Mumbai. The Income Tax department has found around 40 companies through which Jain would conduct business.

Most of the pan masala manufacturing units in Kanpur are operating on land bought from him. This is why Piyush Jain moved from Kanauj to Kanpur and started living at the Anandpuri house.