Tax evasion case: Judicial custody for Kanpur trader

Tax evasion case: Judicial custody for Kanpur trader
Source: Inhouse illustration

One-liner: Perfume trader Piyush Jain was sent to judicial custody for 14 days in a case of tax evasion by a district court in Kanpur on Monday, a senior prosecution official said.

Driving the news: Jain was arrested on Sunday after raids at his residence in Kanpur and factory in Kannauj by the Directorate General of GST Intelligence led to the recovery of over Rs 280 crore in cash, 25 kg of gold and 250 kg of silver.

Produced in court: The businessman was produced in metropolitan court number 10 amid tight security and the court remanded him in judicial custody for 14 days, Joint Director (Prosecution) Sanjay Kumar Tripathi said.

  • Prior to being produced in court, Jain was taken for a medical examination and was also screened for Covid. He tested negative for the viral infection

Source: PTI

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