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Rs 196 Crore, 23 Kg Gold Bars, 2 Cities: Week-Long Raid On UP Trader Ends – dot newz

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The raids, which started in Kanpur on December 22, ended in Kannauj today

New Delhi, Lucknow:

The tax raid against an Uttar Pradesh businessman, which shocked the country with visuals of heaps of currency notes and multiple machines deployed to count them, has finally ended a week after it began.

A total of Rs 196 crore in cash, 23 kg of gold worth about Rs 11 crore and 600 kg of sandalwood oil worth nearly Rs 6 crore have been recovered in the weeklong raids that spanned the cities of Kanpur and Kannauj.

When the media reached the residence of businessman Piyush Jain in Kannauj, his son said, “I believe in the law. Whatever is right or wrong will come out.” He refused to speak further.

Zakir Hussain, Additional Director of Directorate General of GST Intelligence, told the media in Kannauj, “We have concluded the raid here and handed over the gold to DRI [Directorate of Revenue Intelligence]. Investigation is on.”

Earlier, Jain was arrested on charges of evading Goods and Services Tax from Kanpur. The recovery from his premises is the biggest in the history of the Central Board of Indirect Taxes and Customs, chairman Vivek Johri has said.

Sources said preliminary investigation has revealed that Jain exported raw materials for perfumes to Dubai in exchange for gold bars. The gold bars seized from his premises have foreign markings and the DRI is now probing how he evaded customs duty while importing them, the sources said. The probe has also revealed that Jain allegedly exported the perfumery compounds to Singapore, the sources added.

The raids, which started in Kanpur on December 22 and ended in Kannauj today, made headlines with shocking visuals of heaps and sacks full of currency notes. As tax officials and currency-counting machines worked overtime, investigators put together the pieces of how an unassuming businessman allegedly amassed this mountain of cash and gold.

According to the investigators, Jain and his brother Ambrish Jain learnt to manufacture perfumes from their father, a chemist, and their business thrived after they started selling perfume components to pan masala manufacturers. The brothers came under the probe agencies’ radar because they took all payments in cash.

According to investigators, the GST intelligence unit, following inputs of tax evasion, laid a trap for a pan masala manufacturer and the trail led them to Jain. Neighbours were shocked to know that Jain, who rode a scooter and lived simply, had amassed this huge wealth.

Jain and the massive recovery from his premises also entered the Uttar Pradesh election speeches, with the incumbent BJP and the prime challenger Samajwadi Party accusing each other of backing the businessman.

While the BJP alleged that Jain is the businessman who recently launched the “Samajwadi perfume”, Akhilesh Yadav denied this, claiming a mix-up between Piyush Jain and his party’s Pushpraj Jain. Mr Yadav alleged that the Kanpur businessman was in touch with BJP leaders.

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Shiv Sena, NCP To Contest Goa Assembly Elections Together – dot newz

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Mumbai:

Shiv Sena and the Nationalist Congress Party (NCP) have decided to contest the upcoming Goa Assembly elections together in alliance, Shiv Sena leader and MP Sanjay Raut said on Sunday.

Speaking to ANI, Raut said, “Shiv Sena and NCP will contest together in Goa assembly elections. There will be a discussion on seat sharing on January 18. NCP’s senior leader Praful Patel will discuss seat-sharing formula in Goa on January 18. Only after that, it will be clear who will contest on how many seats.”

“Political dynamics are different in Maharashtra and Goa. NCP, Shiv Sena, Congress are in alliance in Maharashtra. However, at the moment Congress has decided to contest alone without forming an alliance with any other party in the state,” he said.

Goa elections are set to be held in a single phase on February 14. The counting of votes will be held on March 10.

In view of the Uttar Pradesh Assembly elections, Shiv Sena leader did not comment much on Chief Minister Yogi Adityanath’s decision to contest from Gorakhpur.

“I will not make any comment on Yogi ji’s decision to contest from Gorakhpur. He has been fielded from his native constituency. So, it is a good thing. I have heard that Aparna Yadav is going to join BJP. It’s good to know,” he said.

Yadav is the daughter in law of Samajwadi Party leader Mulayam Singh Yadav.

Meanwhile, elections for the 403 assembly constituencies in Uttar Pradesh will be held in seven phases starting February 10, the Election Commission said. The polling in Uttar Pradesh will be held on February 10, 14, 20, 23, 27 and March 3 and 7 in seven phases.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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“India Feels Proud”: PM Modi On 1 Year Of Vaccination Drive – dot newz

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Prime Minister Narendra Modi said the vaccination drive added great strength to fight against Covid.

New Delhi:

Lauding India’s COVID-19 vaccination drive as it completes a year, Prime Minister Narendra Modi today said it has added great strength to the fight against the pandemic and has resulted in saving lives and protecting livelihoods.

When the pandemic first struck, not much was known about the virus. However, our scientists and innovators immersed themselves in developing vaccines, he said. India feels proud that our nation has been able to contribute to fighting the pandemic through vaccines, PM Modi tweeted.

“I salute each and every individual who is associated with the vaccination drive,” he said, adding that the role of our doctors, nurses and healthcare workers is exceptional.

“When we see glimpses of people being vaccinated in remote areas, or our healthcare workers taking the vaccines there, our hearts and minds are filled with pride,” he said.

The prime minister asserted that India’s approach to fighting the pandemic will always remain science based. Health infrastructure is also being augmented to ensure that fellow citizens get proper care, he said, asking people to keep following all COVID-19 related protocols.

The countrywide vaccination drive against COVID-19 on Sunday completed one year, during which over 156.76 crore vaccine doses were administered.

According to Health Ministry officials, over 92 per cent of the adult population have received at least one dose while over 68 per cent have been fully vaccinated. The Centre will issue a postal stamp this afternoon to mark the completion of one year of the inoculation drive.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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“We Invite You”: Maharashtra’s Red Carpet For Elon Musk After Telangana – dot newz

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Elon Musk had said Tesla is “working through” a lot of challenges with the Indian government. (File)

New Delhi:

Another state has now invited US billionaire Elon Musk to invest after he said that electric car pioneer Tesla was “working through” a lot of challenges with the Indian government ahead of long-awaited plans to launch in the country.

After Telangana’s invitation earlier this week, a Maharashtra minister today offered Mr Musk a place to set up Tesla’s manufacturing plant in his state.

Maharashtra Water Resources Minister Jayant Patil, in a reply to Mr Musk’s tweet, said, “Maharashtra is one of the most progressive states in India. We will provide you all the necessary help from Maharashtra for you to get established in India.”

“We invite you to establish your manufacturing plant in Maharashtra,” the Nationalist Congress Party leader added.

Earlier, Telangana minister KT Rama Rao had invited the Tesla Inc’s chief executive to set shop in his state and said that his government will be “happy to partner Tesla in working through the challenges”.

Mr Musk, in response to a tweet asking him about a potential India launch date, had not identified the “challenges” being worked on with the government.

Tesla had plans to begin selling imported cars in India last year and has been lobbying the government to lower import duties, which can be as high as 100 percent, on electric vehicles before it enters the market.

Elon Musk had tweeted last July that Tesla wanted to enter India “but import duties are the highest in the world by far of any large country”.

Even as Tesla is holding out for a cut in import duties, luxury carmaker Mercedes-Benz will start assembling the electric version of its flagship S-Class sedan, the EQS, in India later this year.



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