Following recovery of crores, Kanpur Businessman sent to 14 day custody

Kanpur (27/12/2021): Kanpur court on Monday sent businessman Piyush Jain to 14 days judicial custody after raids at his residence led to the recovery of over Rs 194.45 crores of cash, 23 kg gold, 600 kg sandalwood.

Along with houses of Jain in various cities, DGGI officers have also searched the residential/factory premises of Odochem Industries at Kannauj which is in progress. During the searches at Kannauj, the officers have been able to recover an amount of about Rs 17 crores in cash.

In addition, recovery of approximately 23 kgs of gold and huge unaccounted raw materials used in manufacture of perfumery compounds, including more than 600 kgs of sandalwood oil hidden in an underground storage, having a market value of about Rs 6 crores, have been made, said DGGI.