jain: Court Takes Cognizance Of Drichargesheet Against Piyush Jain | Kanpur News


Kanpur: The special chief judicial magistrate court in Kanpur Nagar on Thursday took cognizance of the chargesheet filed by Directorate of Revenue Intelligence (DRI) against perfume trader Piyush Jain in the gold recovery case and fixed the next date of hearing on May 25.
The presiding judge Sneha in her order observed that the DRI zonal unit Lucknow has filed chargesheet against Peeyush Kumar Jain, resident of Jain Street, Kannauj, under Section 135 of Custom Act. After perusal of the chargesheet and documents, the judge observed that there were sufficient grounds to take cognizance in the matter.
The judicial officer also ordered to cancel the warrant issued under 167 CrPC and issue fresh warrant under section 309 CrPC and fixed the next date of hearing as May 25, 2022.
She also summoned the accused on that date.
Special prosecutor Ambarish Tandon informed that principal additional director general Alok Chopra had issued a prosecution sanction letter and the department had filed a 430-page chargesheet against the accused Piyush Jain.
The voluminous chargesheet also contains the report of Central Revenue Control Laboratory, New Delhi, which had tested the sample of seized gold bars and reported that it was 99.86% pure.
Investigation is going on against four more persons and their names should be added in the chargesheet later, he added.
Piyush Jain was a partner in M/s Odochem Industries and during the raid and search operations conducted by Directorate General of Goods and Services Tax Intelligence (DGGI), Ahmedabad, at his official-cum-residential accommodation, unaccounted cash to the tune of Rs 196.58 crore and 32 gold bars weighing approximately 23 kg were seized.
As many as 12 out of 32 gold bars had foreign markings on them but Jain failed to provide any legal document related to seized gold bars of foreign origin marking.
The amount of unaccounted seized gold of foreign origin suggests huge evasion of custom duty. He neither denied the ownership of searched premises nor denied the possession of foreign origin gold bars seized by the DGGI officers.
Tandon said Jain’s bail application in this case is pending in the court of district judge after the lower court had rejected his application. The bail was listed for hearing last Wednesday but could not be heard due to a strike of advocates.
On Thursday, the bail application was presented before the court, but DRI Lucknow unit sought time to file its objections. The presiding judge fixed May 18 as the next date of hearing.





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