Uttar Pradesh: Income Tax raids recover Rs 150 cr from businessman who launched Samajwadi Party’s perfume

Soon after cash worth Rs 150 crore was reportedly found during the raids., the BJP leaders started attacking Akhilesh Yadav.

Written by December 24, 2021 12:48

New Delhi: Tax evasion worth crores of rupees has been detected during Income Tax raids on two businessmen in the city. The I-T raid was underway at the house, factory, office, cold store and petrol pump of perfume trader Piyush Jain in Kanpur, Kannauj, Mumbai and Gujarat.

The income tax raid was conducted at Piyush Jain’s property, who is close to Akhilesh Yadav. He had also launched Samajwadi Party perfume, branded as ‘Samajwadi Attar’ in November.

The raid was conducted by the officers of the Directorate General of GST Intelligence (DGGI) only after specific intelligence inputs.

Soon after cash worth Rs 150 crore was reportedly found during the raids., the BJP leaders started attacking Akhilesh Yadav.

On Saturday, the searches  were conducted at 30 premises in Lucknow, Mainpuri, and Mau in poll-bound Uttar Pradesh, as well as in Kolkata, Bengaluru and Delhi-NCR.

More details awaited.