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₹ 150 Crore (And Counting) Found At UP Businessman’s Home In Tax Raid

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3 years ago

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₹ 150 Crore (And Counting) Found At UP Businessman’s Home In Tax Raid

Vivek Johri, chairman of the Central Indirect Tax and Customs Commission (CBIC), told the news agency that a tax raid on premises associated with Piyush Jain, a Kanpur businessman in the perfume industry, has recovered more than 1.5 billion rupees in cash on Friday’s ANI.
“This is the largest recovery in CBIC history. No one has been arrested so far,” he said.

Photos from the raid showed two large closets filled with two piles of cash. These packages are wrapped in paper sleeves and secured with yellow tape. In each photo, you can see more than 30 such bundles.

Another photo shows officials from the CBIC, IT department and the Goods and Services Tax (GST) intelligence department squatting on a floral cloth in the center of the room, surrounded by more cash and three money counters. The raids on locations in Uttar Pradesh, Gujarat and Mumbai began on Thursday (and lasted until Friday) at a factory owned by M/s Trimurti Fragrances, which produces Shikhar brand pan masala and other flavored tobacco products-located Kanpur of the UP.

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A raid was also carried out on the offices and warehouses owned by the transporter M/s Ganpati Road Carriers in Kanpur, after which the operation was transferred to the premises of Piyush Jain. “According to intelligence input, Odochem Industries, which supplies fragrance compounds in the residential premises of M/s partners… was also searched,” the goods and services tax department’s statement said.

“During the search process in the residential area, a large amount of cash wrapped in paper was found. With the help of officials from the National Bank of India (Kanpur), the cash counting process has been initiated and the process may continue until December 24 (evening night). )…” the statement said.

“Total cash is expected to exceed 1.5 billion rupees,” it further stated.

The goods and services tax official stated that the money was related to the shipment of goods without electronic waybills through forged invoices by freight forwarders. These fake invoices were created in the name of a fictitious company.

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These invoices were each worth 50,000 rupees, and more than 200 such invoices were found in four trucks in the traders’ warehouse-no goods and services tax was paid.

Complete News Source : NDTV

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2 ‘Kala Jatheri gang members’ killed in encounter with F’bad cops in Fatehabad

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22 hours ago

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December 21, 2024

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2 ‘Kala Jatheri gang members’ killed in encounter with F’bad cops in Fatehabad

According to the police, the encounter took place after at least four suspects tried to help their close aide escape from police custody
The Faridabad police gunned down two members of the Kala Jatheri gang in an encounter near Fatehabad on Friday, officers said. A constable was injured in the gunfight, they added.

According to the police, the encounter took place after at least four suspects tried to help their close aide escape from police custody.

The identity of one of the deceased was not known, while the other was identified as Ravi (single name), who had 28 cases lodged against him in multiple districts.

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Aman Yadav, assistant commissioner of Police (ACP), Faridabad said the incident occurred when the police van stopped near a roadside eatery on the outskirts of Fatehabad while transporting Ravi back to Faridabad jail after a court appearance in an Arms Act case.

“Four armed individuals attacked the police team, firing multiple rounds to facilitate Ravi’s escape. In retaliation, police returned fire, killing Ravi and another suspect on the spot,” Yadav said.

Constable Sarjeet Yadav suffered a gunshot wound to his left forearm. He was rushed to a civic hospital, where his condition is reported to be stable, said police.

Yadav said that Ravi, who had been lodged in Faridabad jail since April 24, 2023, was being transported after attending an appeal hearing at the Fatehabad court. The ambush, allegedly orchestrated by Ravi’s associates, was intended to secure his release from custody. The police’s swift response thwarted the plan.

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Ravi had a long history of violent crimes, including murder, attempted murder, dacoity, robbery, and Arms Act violations. His activities spanned multiple districts, such as Sonipat, Jind, Rohtak, Faridabad, and Delhi. He was a key member of the Kala Jathedi gang, led by the notorious gangster Sandeep alias Kala Jathedi, who is currently in Tihar Jail.

Kala Jathedi himself is implicated in over a dozen cases across Delhi, Haryana, Punjab, Rajasthan, and Uttar Pradesh. In 2020, he famously escaped from Haryana Police custody during a similar ambush orchestrated by his gang.

ACP Yadav confirmed that police teams are actively investigating to identify the remaining attackers involved in the ambush. “We are working to uncover the identities of the other suspects who participated in the operation. Stringent action will be taken against all involved,” Yadav said.

This encounter is part of an ongoing crackdown on organized crime, with authorities aiming to dismantle gangs operating in the region.

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