150 crore cash seized in raid at Kanpur perfume trader’s house
Ten News Network
Kanpur (24/12/2021): A joint team of the Income Tax department and the Directorate General of GST Intelligence (DGGI) conducted a raid on a perfume trader’s house in Kanpur and found Rs 150 crore cash. The raid that started on Thursday lasted over 24 hours.
The team recovered the 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.
Piyush Jain conducts his 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.
