it raid: black money smells of corruption! Billions worth of ‘perfumes’ found in perfume traders in UP

Kanpur : Income tax department, ED and GST teams are active before the Uttar Pradesh Assembly elections. A team from the Income Tax Department on Thursday raided the home and premises of Piyush Jain, a large perfume and spice trader from Kannauj. About Rs 150 crore worth of anonymous assets have been found so far.

The Income Tax Department on Thursday morning raided the house of Piyush Jain, a Kannauj trader who was instrumental in launching ‘Samajwadi Perfume’ in Mumbai, Kannauj and Kanpur. The operation, which started simultaneously in all the three places, is likely to last for two-three days.

Documents of bogus companies found

The income tax department has received documents alleging that a large amount of money was diverted by creating bogus companies including tax evasion. Piyush Jain is said to be close to Akhilesh Yadav.

Jain’s family in Mumbai

Piyush Jain is a native of Kannauj. He is a big perfumer. Their perfumes are also exported. Many members of Piyush’s family also live in Kanpur and Mumbai. They also have offices.

This is an Income Tax Department team from Mumbai. For the past few months, the income tax department has been keeping a close eye on Piyush’s ongoing money laundering by setting up alleged tax evasion and bogus companies. Two teams from the Income Tax Department reached Kanpur from Mumbai on Wednesday night, sources said.

Income tax team also in Kannauj

One team went to Kannauj, while the other stayed in Kanpur. Piyush’s hideouts in Mumbai, including Kanpur and Kannauj, were raided simultaneously by Income Tax teams on Thursday morning. The income tax team had reached Piyush’s bungalow in Anandpuri with 4 small and one large note counting machine.

Piyush is a member of Kannauj’s perfume lobby. He is very close to Akhilesh Yadav. Piyush’s family had come to live in Anandpuri Colony 7-8 years ago. Even in Kannauj, it is rarely seen in public.

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Tight security at home

The income tax department is investigating the home of a perfume trader. The Income Tax Department team is collecting documents and income tax details at home. A police escort has been deployed outside Piyush’s house. In addition, home guards have been kept out of the process.

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