Businessman Piyush Jain Caught With Rs 200 Crore Gets Bail
NDTV
His arrest just before the Uttar Pradesh Assembly polls had led to a row with the BJP calling the Kanpur-based perfume trader a "friend" of the Samajwadi Party (SP). But the opposition party had alleged that Piyush Jain belonged to the BJP.
The Allahabad High Court on Thursday granted bail to businessman Piyush Jain, whose premises were raided last year and Rs 200 crore in cash and 23 kg of gold were seized by central agencies.
His arrest just before the Uttar Pradesh Assembly polls had led to a row with the BJP calling the Kanpur-based perfume trader a "friend" of the Samajwadi Party (SP). But the opposition party had alleged that Piyush Jain belonged to the BJP.
Justice Subhash Vidyarthi allowed the bail application by Piyush Jain on his furnishing a personal bond of Rs 10 lakh and two reliable sureties each of the like amount.
Piyush Jain was arrested on December 26, 2021 after being accused of evading tax by the Director General of GST Intelligence (DGGI).
