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Piyush Jain ready to pay penalty, wants his money back

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 Kanpur-based businessman Piyush Jain has asked the Directorate General of GST Intelligence (DGGI) to return the huge stash of cash seized from his premises after deducting tax and penalty.

Jain was arrested on charges of tax evasion and is presently in 14-day judicial custody.

Special Public Prosecutor Amrish Tandon, who represents DGGI, informed a court on Wednesday that Piyush Jain has revealed that he evaded tax and owes a penalty amounting to Rs 52 crore.

The lawyer for Piyush Jain, however, asked the court to instruct DGGI to deduct the Rs 52 crore owed by the trader as a penalty and return the remaining amount.

Tandon responded by saying that the recovered amount was proceeds of tax evasion and will not be returned. If Jain wants to pay an additional Rs 52 crore as a penalty, then DGGI will accept it, he stated.

In one of the biggest seizures in history, the DGGI seized over Rs 195 crore in cash, 23 kilograms of gold and sandalwood oil worth Rs 6 crore during raids at several premises linked to Jain in Kanpur and Kannauj.

The officials searched the residential premises of Piyush Jain, partner of Odochem Industries, in Kanpur and seized unaccounted cash to the tune of Rs 177.45 crore.

The DGGI officers searched the residential and factory premises of Odochem Industries in Kannauj and seized Rs 17 crore in cash during a 120-hour raid.

To count such a huge amount of cash, the DGGI officials sought help from the officials of the State Bank of India (SBI) and their currency counting machines. The money has been deposited in the State Bank of India (SBI) and will be held by the Government of India, Tandon told the court.

His arrest, meanwhile, has stirred up a political storm in the poll-bound Uttar Pradesh with the ruling BJP and the Samajwadi Party exchanging barbs over the staggering recovery of Rs 195 crore in currency notes seized from premises owned by Piyush Jain.

The Congress, meanwhile, has accused the DGGI of diluting the case by claiming that the recovered money was a turnover amount.

Crime

Thane: 4 Arrested For Cheating Builder Of ₹40 Lakh; Complainant Held For Unlicenced Weapon Possession

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Thane: The Thane Anti-Extortion Cell have arrested four persons for cheating a builder of Rs 40 lakh and arrested the complainant for possession of firearms, said a police officer from AEC on Tuesday.

The cheating incident came to light after the officials of the anti-extortion cell (AEC) intercepted the car of builder Surendra Patil (50) on November 25 and recovered two unlicensed pistols and seven cartridges, informed Deputy Commissioner of Police (crime) Shivraj Patil.

Builder Booked For Possession Of Unlicenced Weapons

Patil said, “The builder Surendra Patil had gone to a farmhouse in Dombivili after four persons allegedly promised to give him counterfeit notes with a face value of Rs 1.6 crore if he gave them Rs 40 lakh. Patil claimed that he had carried the unlicensed weapons with him for protection. A case under the Arms Act was registered against the builder. At the farmhouse, some accused posing as policemen “raided” the farmhouse and snatched the bag containing Rs 40 lakh from Patil before fleeing the scene.”Shekhar Bagde, senior police inspector said, “Police teams were formed, and four accused who fled with the cash were apprehended from Bhiwandi on November 26. We have managed to recover Rs 14.35 lakh from the accused. We have arrested Swapnil Dashrath Jadhav (26), Adesh Motiram Bhoir (35), Sachin Baban Jadhav (35) and Akshay Tukaram Gaikwad (30) in the cheating case.”

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Crime

UP Shocker: Teacher ‘Bribed’ 16 School Girls With Candies, Molested Them In Unnao School; Accused Arrested

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Unnao: The head teacher of a co-educational school in Uttar Pradesh’s Unnao district has been arrested on charges of molesting 16 girl students. The children said the teacher bribed them with candies to indulge in improper acts.

The matter came to light when the girls lodged a complaint on the portal of the National Commission for Protection of Child Rights (NCPCR).

NCPCR member visited school

Taking cognizance of the matter, NCPCR member Preeti Bhardwaj Dalal visited the school for a probe and recorded the statements of the survivors and prima facie found the charges against the accused, Rajesh Kumar, to be true.

The teacher has been booked under the POCSO Act and molestation charges under the IPC, following a complaint lodged by the cook of the school, Ruby Devi.

The cook said she had informed another teacher about the alleged harassment. The district’s basic education officer has also suspended the accused.

A three-member team headed by basic education officer-level officer is further investigating the case. ASP Shashishekhar Singh said: “The head master, who was absconding since the FIR, has been arrested.”

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Crime

PMC Fraud Case: Mumbai Court Allows Installation Of CCTV Cameras Outside Wadhawan’s House

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Mumbai: The Enforcement Directorate apprehends that Rakesh Wadhawan of Housing Development Infrastructure Ltd – a key accused in the PMC bank fraud case – might tamper with the evidence or attempt to dispose of unidentified assets while out on medical bail.

The prosecutor for the ED, Kavita Patil, on Tuesday moved a plea asking the court to allow it to install CCTV cameras outside Wadhawan’s house.

Besides, the plea stated that while on interim bail, Wadhawan might tamper with evidence or dispose of unidentified assets. The agency said they may be allowed to install CCTV cameras so that it “can take a record of any potential incidents or violations that may occur during the accused’s release on interim bail”.

Court Allows ED’s Plea As Proceeds Of Crime Were Huge In The Case

Special judge MG Deshpande, hearing the PMC case, allowed the ED’s plea, observing that Wadhowan was one of the main accused in the case and the proceeds of the crime were huge.

The court said that since the investigation was in progress, “care has to be taken that in any case accused Rakesh Wadhawan should not misuse the liberty granted by Supreme Court and to that extent contention raised by the ED is justified. If the same is allowed no prejudice will be caused to accused”.

Meanwhile, on the contention that the ED was not heard before the court granted interim bail to Wadhawan, the court said the order was passed by the Supreme Court.

“If the Supreme court directs to make urgent arrangement, specifically noting health condition of the accused, this court cannot become impediment in implementing the same, saying that the ED has to be heard and only then the order can be implemented”, it said in its order.

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