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	Throwing up the biggest cash haul in the history of India, Kanpur-based businessman Piyush Jain was arrested on charges of tax evasion in December 2021. During a series of raids on the premises owned by him, cash worth over Rs 257 crore as well as gold and silver was recovered. The money was allegedly linked to the dispatch of goods via fake invoices and without e-way bills by a goods transporter.</div>
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	Directorate General of GST Intelligence (DGGI), Ahmedabad recovered Rs 10 crore more cash from his perfume factory and residence in the Kannauj district in Uttar Pradesh. Unaccounted sandalwood oil, perfumes worth crores were also seized from Jain&#39;s factory.</div>
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	According to the Chairman of the Central Board of Indirect Taxes and Customs, this was the biggest recovery by the agency in history.</div>
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	On December 27, 2021, Jain was remanded to 14-day judicial custody by a local court after he was arrested under Section 132 of CGST Act.</div>
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	<strong>Background</strong></div>
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	Born and educated in Kanpur, the 52-year-old businessman still rode an old scooter and his house was extremely modest despite having a huge amount of money stashed.</div>
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	According to his neighbours, he was just another businessman in the perfume business who never flaunted his wealth and lived a modest lifestyle.</div>
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	Jain&#39;s father lives mostly in Kannauj while he and his brother Amrish live in Kanpur. He learned the art of making perfumes and edible essences from his father, who is a chemist. Later, he joined the family business.</div>
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	Piyush Jain&#39;s acquaintances claim that he had no political connections or friends in power.</div>
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	Media reports connecting him and Pampi Jain have led to a political slugfest in Uttar Pradesh. The tax evader is in no way related to the Samajwadi Party leader who had launched the &#39;Samajwadi Itr&#39; in November 2021.</div>
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	The only thing common between the two is that they are both are in the perfume business, live in the same locality and belong to the Jain community.</div>
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Learn who is Piyush Jain, his family life, business life, tax evasion controversy, personal life, education, interests and more here at Business Standard.

Piyush Jain

Who is Piyush Jain ?