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DGGI refutes multiple speculative media reports in case of M/s Odochem Industries; sets the record straight on facts In the context of ongoing investigations by the Directorate General of GST Intelligence (DGGI) in the case of M/s Odochem Industries, Kannauj- a manufacturer of perfumery compounds
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FAQ :
No, the DGGI has refuted reports claiming they accepted a Rs 52 crore tax settlement from Shri Peeyush Jain. These reports are speculative and without basis.
A total of Rs 197.49 crore in cash, 23 kg of gold, and offending goods of high value have been recovered from two premises.
The total cash seized has been kept as case property in the safe custody of the State Bank of India pending further investigations.
No, no deposit of tax dues has been made by M/s Odochem Industries from the seized money to discharge their tax liabilities, and their liabilities are yet to be determined.
Shri Peeyush Jain was arrested on 26.12.2021 for offences under section 132 of the CGST Act and has been remanded to 14 days judicial custody.
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