UP: Piyush Jain used to drive old scooter, lead simple life | Kanpur News


KANPUR: Piyush Jain, the perfume businessman who hoarded Rs 284 crore used to ride scooter and travel in out-dated four-wheelers. Two cars- a Toyota Qualis and a Maruti- were found parked outside his house.
According to locals, whenever Piyush Jain visited his ancestral home in Chhipaiti area of Kannauj, he could be seen riding his old Bajaj Priya scooter. He used to lead a very simple life, said locals. He also avoided using high-end cars and used to drive in old vehicles to avoid attention.

Jain learned the art of making compounds of perfumes from his father, who is a chemist. He started the perfume business in Kanpur, and expanded it majorly to other parts of the country in past 20 years. He now has a flourishing business in Mumbai and Gujarat. A GST official, meanwhile, said that Directorate of Revenue Intelligence has been alerted as 23 kg gold and 600 kg sandalwood oil having a market value of about Rs 6 crore, hidden in a cellar, was seized from Jain’s office and factory premises.

Kanpur businessman Piyush Jain arrested after Rs 300 crore cash haul

Kanpur businessman Piyush Jain arrested after Rs 300 crore cash haul

“As the gold recovered is having foreign markings, DRI is being apprised about the same so that necessary investigation could be carried out,” he said.
“Jain during questioning, however, has confessed that the cash recovered from his residential premises is related to sale of goods without payment of GST,” he said.
Earlier, Jain had stated before the Central agencies that he procured such a huge cash by selling 400 kg of ancestral gold.





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