Kanpur: The Goods and Services Tax (GST) authorities have recovered Rs 177.45 crore from multiple locations in Kanpur which is reported to be linked to Piyush Jain, a businessman who deals in pan masala and perfumes. The counting of cash that began a day ago ended in the early hours of December 25, making it the biggest cash recovery in the history of GST.
About the haul in Kanpur:
More than 11 premises of three individuals that included two partners of Kanpur businessman Piyush Jain, were searched on Thursday and Friday, sources in Directorate General of GST Intelligence (DGGI) said. The premises included factory outlets, offices, cold storages, and petrol pumps of perfume trader Piyush Jain and his partners. Around 19 note counting machines were sent back to SBI on December 25, after counting the cash for almost a day.
A statement says that the Directorate General of GST Intelligence in Ahmedabad received a tipoff based on which the search was conducted. Officials searched the factory premises of Trimurti Fragrance Pvt Ltd, which manufactures Shikhar Pan Masala and tobacco products, and the office and godowns of Ganpati Road Carriers, in Kanpur.
