4.5-cr Cash Recovered From Sp Mlc Jain, Fauzan Malik | Kanpur News

Kanpur: The Income Tax department team is said to have recovered Rs 4.50 crore cash from the houses and establishments of perfume trader SP MLC Pushpraj Jain alias Pampi and another perfumer Fauzan Malik in Kannauj, Kanpur, Delhi, Lucknow, and Mumbai in simultaneous searches. However, there was no official word on recoveries from the I-T department.
Sources said the Income Tax department team has also roped in HDFC Bank personnel at Fauzan Malik’s house and they reached with a note counting machine.
“It is being said that till now Rs 2.5 crore in cash have been recovered from Fauzan’s house in Kannauj. A State Bank of India (SBI) team took the money to the bank amid tight security arrangements. The team also confiscated the printer and computer from Fauzan’s factory. On the other hand, Rs 2 crore cash has been found from Pushpraj’s residence in Mumbai.”
Teams of the Income Tax department raided 35 places together on Thursday morning and action continued at 20 places on Friday.
In Kanpur, both the houses of SP MLC Pushpraj Jain’s relative Dr Anoop Jain in Anandpuri have been sealed by the Income Tax Department, sources said. Dr Anoop Jain is in Mumbai.
The Income Tax department also got information that Pampi Jain had pumped in investment of about Rs 40 crore from the countries of Central Asia in his business.
“The Income Tax department is probing how this money had been brought. The stock found at Pushpraj’s premises is also being verified,” sources added.
The Income Tax team also found evidence of cash transactions from the house of perfume trader Fauzan Malik in Delhi.
The raids, which started at 7.15am on Friday, are going on continuously for 24 hours.
Sources elaborated that many share forms have been recovered from the house of the MLC. GST officials are also cooperating in Income Tax raids.
“On Saturday morning, the officers interrogated employees and record keepers of both perfume traders,” they added.
Employees were not allowed to go home at night. Each of the 22 rooms in Fauzan Malik’s residence in Kannauj was opened and examined. The team also checked the cold storage and petrol pump of perfume trader Pushpraj Jain,” sources added.

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