So far, raids at the offices of a businessman who supplies raw materials to perfume producer Piyush Jain have yielded a total of Rs 150 crore in cash, according to IT department sources.

Two mountains of cash were jammed inside two big wardrobes, according to photos from the raid. The bundles were all sealed with yellow tape and enclosed in plastic coverings.

There are about 30 such bundles seen in each photo.

Another shot shows IT and GST personnel squatting in the middle of a room on a flowery sheet, surrounded by more cash piles and three note-counting machines.

The overall amount of money recouped is still being determined.

According to sources, the raids began on Thursday and are currently ongoing. They’re taking place in Uttar Pradesh’s Kanpur, as well as Mumbai and Gujarat’s Mumbai and Gujarat.

Tax evasion was the reason for the raids, which were carried out by GST (Goods and Services Tax) officers. The IT Department, or Income Tax Department, was also called in when the details were unearthed.

The money was linked to the shipment of products using fraudulent invoices and without e-way bills, according to GST officials. These fictitious invoices were fabricated in the names of fictitious businesses.

More than 200 such invoices – produced without GST payments – were discovered in four trucks inside the trader’s warehouse, each for $50,000.

The Shining Media

The Shining Media is an independent news website and channel, covering updates from the world of Politics, Entertainment, Sports, International, National, and a lot more.

By The Shining Media

The Shining Media is an independent news website and channel, covering updates from the world of Politics, Entertainment, Sports, International, National, and a lot more.

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