A charge sheet is set to be filed against Uttar Pradesh businessman Piyush Jain and his associates by the Directorate General of GST Intelligence (DGGI). Piyush Jain came under the scanner after over Rs 200 crore in cash was seized from his premises during raids by central agencies in 2021.
The DGGI has now imposed a tax liability of Rs 497 crore on Piyush Jain and his three firms, including M/s Odocham Industries, M/s Flora Naturale, and M/s Odosanth Inc.
Piyush Jain and his 14 associates have been asked to pay an additional Rs 290 crore by the DGGI. The agency has also issued a notice to six firms, including three of Piyush's firms, and eight directors and partners.
According to DGGI's Special Public Prosecutor, Ambrish Tandon, the charge sheet against Piyush and his associates will soon be filed in the court. Around Rs 207 crore has been seized and now another Rs 290 crore may have to be paid.
Piyush Jain was arrested on December 26, 2021 after being accused of evading tax by the Director General of GST Intelligence (DGGI). It is expected that the difficulties of other people involved in business with Piyush Jain, including the transporter and pan masala supplier, would also likely increase following the DGGI notice.
On behalf of DGGI, notice has been issued to six firms, including three firms of Piyush and its eight directors and partners. Soon the charge sheet against them can also be filed in court, according to Ambrish Tandon.
Piyush's advocate, Chinmay Pathak, said that the next hearing in the special CJM court will be held on May 23 in the cases registered against Piyush Jain by DGGI for GST evasion and Directorate of Revenue Intelligence (DRI) for gold smuggling.
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