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5 Things To Know About UP Businessman Who Had Rs 200 Crore Cash At Home


5 Things To Know About UP Businessman Who Had Rs 200 Crore Cash At Home

Rs 17 crore was seized from a manufacturing unit in Kannauj

He rode a scooter however Kanpur businessman Piyush Jain, who provided fragrance to pan masala makers, was hiding what turned out to be India’s greatest ever money haul. Over Rs 200 crore in money and gold was seized from his dwelling and workplace.

What we all know on Piyush Jain:

  1. Rs 194 crore in unaccounted money was discovered from Piyush Jain’s dwelling and manufacturing unit, in addition to Dubai property paperwork. Rs 177 crore in wads of money was discovered at his dwelling in Kanpur and the remainder – 17 crore – was seized from his manufacturing unit in Kannauj.

  2. In six days of raids, 23 kg of gold value round 11 crores was discovered; a lot of it had overseas markings. The raid groups additionally discovered 600 kg of sandalwood oil value Rs 6 crore in an underground storage on the businessman’s manufacturing unit.

  3. Piyush Jain and his brother Ambrish Jain learnt fragrance manufacturing from their father, a chemist. The brothers’ Odochem Industries thrived after they began promoting fragrance elements to pan masala producers. They obtained into hassle as a result of they took funds in money.

  4. The GST intelligence unit, performing on inputs of tax evasion, laid a lure for producers of Shikhar Pan Masala. That’s how the path led to Piyush Jain.

  5. Piyush Jain appreciated to journey an previous scooter and had a Qualis and a Maruti parked outdoors his dwelling. None of those betrayed the large wealth he was hiding in his Kanpur dwelling. 




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