The raid on Uttar Pradesh businessman Piyush Jain is just not a case of mistaken id, sources within the company that investigates GST evasions mentioned after the unearthing of heaps of unaccounted money from his premises made nationwide headlines.
Sources within the probe company mentioned the raid was a results of a targeted investigation based mostly on particular inputs.
This comes amid a fog of hypothesis surrounding the large haul on the Kanpur and Kannauj premises of Piyush Jain, which led to the restoration of Rs 196 crore in money and 23 kg gold.
Coming in the midst of a high-pitch election marketing campaign, the raids have entered political speeches, with the BJP and Akhilesh Yadav’s Samajwadi Social gathering accusing one another of backing the jailed fragrance dealer.
The BJP has alleged that it was Piyush Jain who lately launched the “Samajwadi fragrance”. Taking a swipe on the opposition occasion, Prime Minister Narendra Modi mentioned in Kanpur yesterday, “Containers full of notes have come out. The individuals of Kanpur perceive enterprise and commerce properly. Earlier than 2017, the fragrance of corruption that they’d sprinkled throughout Uttar Pradesh is there for everybody to see.”
Hitting again, Mr Yadav has mentioned the BJP had blended up businessman Piyush Jain with Samajwadi Social gathering’s Pushpraj Jain, who launched the fragrance named after the occasion. Denying any hyperlink with Piyush Jain, he mentioned the BJP bought “its personal businessman raided by mistake”.
Following Mr Yadav’s response, Congress chief P Chidambaram took to Twitter and questioned if the haul was a “comedy of errors”. “I suppose the comedy is not going to finish right here. As extra accusations are traded between BJP and SP, extra characters will emerge,” he mentioned.
Pushpraj Jain has instructed wantpassport that he has no hyperlinks with Piyush Jain and that he was “saddened by the low degree of politics”. “It’s under the belt to make use of my identify in relation to the raids,” he mentioned. Requested about Mr Chidambaram’s tweet, Jain mentioned, “He could also be proper, the raids could have been deliberate for me.”
Sources from the Directorate Normal of GST Intelligence (DGGI), nonetheless, junked the mistaken id concept. They’ve mentioned they obtained particular inputs relating to alleged tax evasion by the Shikhar Pan Masala group. A probe led them to move firm Ganapati Street Carriers and Piyush Jain’s Odochem Industries, the sources mentioned.
Piyush Jain provided perfumery compounds to the Shikhar group and got here beneath the scanner for taking funds solely in money, the sources mentioned, reiterating that it was not a case of mistaken id.