Court rejects bail plea of Kanpur perfume trader Piyush Jain in gold smuggling case
India Today
On Thursday, the Special Chief Judicial Magistrate (CJM) Court, Kanpur rejected the bail application of perfume trader Piyush Jain, who had been charged by the Department of Revenue Intelligence (DRI), Lucknow, in a gold smuggling case.
The Special Chief Judicial Magistrate (CJM) Court, Kanpur on Thursday rejected the bail application of perfume trader Piyush Jain, who had been charged by the Department of Revenue Intelligence (DRI), Lucknow, under the Customs Act.
DGGI's lawyer Ambareesh Tandon, in exclusive conversation with Aajtak/India Today, said the court ordered that the accused in the gold case has not been able to produce any documents so far. The matter is of serious nature and is dangerous for the economic condition of the country.
Therefore, bail cannot be granted under the Customs Act.
In December 2021, DGGI in a raid found 32 gold biscuits weighing 23 kg from the house of Piyush Jain in Kannauj. Of these, 11 kg of gold was of foreign mark. The DGGI admitted that this gold was smuggled from abroad.
The defense council, however, said that the gold was purchased from local vendors but could not provide any receipt for the same. The defense lawyer also added that Piyush is suffering from various ailments and he is the sole breadwinner of the family.
Meanwhile, the prosecution said that Piyush would have to prove that the recovered gold was not smuggled.
A prosecution lawyer told India Today/Aajtak that 500 GB hard disk was also recovered from the accused's possession which has valuable information and is being scrutinized by the agency.
