Allahabad Excessive Courtroom is ready to listen to bail plea by fragrance baron Piyush Jain, who’s being grilled by varied companies for tax fraud, on July 6 and July 8.
Kanpur-based fragrance baron Piyush Jain (Photograph: File)
Allahabad Excessive Courtroom on Monday posted the bail listening to of Kanpur-based fragrance baron Piyush Jain, who’s being grilled by varied companies for tax fraud, for July 6 and July 8.
Earlier, Jain’s bail software had been rejected by the native court docket in Kanpur 4 instances already.
In the meantime, the court docket has prolonged the judicial custody of Jain until July 18.
The bail purposes can be heard in reference to the Directorate of Income Intelligence (DRI) case the place 23 kg of gold was present in Jain’s Kannauj home together with the Directorate Common of GST Intelligence case the place unaccounted money of over Rs 187 crores was recovered from him.
WHAT IS THE CASE?
In December 2021, the Ahmedabad unit of Directorate Common of GST Intelligence (DGGI) performed a raid at Piyush’s Kannauj home and seized over Rs 195 crore in money, 23 kilograms of gold and sandalwood oil value Rs 6 crore. Of the 23kg of gold, 11 kg had a international mark. The DGGI admitted that this gold was smuggled from overseas.
Throughout interrogations in jail, Piyush didn’t disclose to the DRI officers the place he bought the gold in India.
