Piyush Jain Arrested After Rs 284 Crore Cash Found in Raids

Perfume trader Piyush Jain, whose premises were raided by central agencies, was arrested on Sunday night on charges of tax evasion.

Lucknow: A sum of Rs 284 crore in cash were seized from his premises in Kanpur and Kannauj. Jain recently made headlines after pictures of a raid at his premises showing officials counting heaps of currency notes with note counting machines surfaced.

Directorate General of GST Intelligence (DGGI) Ahmedabad recovered Rs 10 crore more cash from the factory and residence of perfume businessman Piyush Jain, who is the promotor of Odochem Industries of Kannauj district in Uttar Pradesh, official sources said.

Unaccounted sandalwood oil, perfumes worth crores were also seized from Jain’s factory, sources said.

Raids were also carried out at offices and godowns owned by a transporter – M/s Ganpati Road Carriers, also in Kanpur – after which the action shifted to Piyush Jain’s premises.


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