Hearing against Peeyush Jain adjourned on medical ground

KANPUR: Hearing in the case of recovery of cash and gold bars from perfume trader Peeyush Kumar Jain was adjourned on Thursday when counsel for the accused sought an adjournment on medical grounds. The presiding judge has now fixed the next date as November 26, 2022 for prosecution evidence.
Ambarish Tandon, special public prosecutor, informed TOI that today’s date was fixed for prosecution evidence in both cases.The two cases which are being tried in the court of special chief judicial magistrate Madam Shraddha Tripathi are of GST evasion and Custom and Excise Act. Accused Peeyush Kumar Jain had appeared in the court and sought 10 days’ time as his son was suffering from dengue fever and was hospitalized.
The court granted him eight days time and fixed November 26 for hearing. Tandon said that prosecution had already given copies to the accused as per provision of Section 207 of CrPC and the case had been fixed for prosecution evidence.
The DGGI Ahmedabad unit had launched a case of tax evasion against Jain. A special team had raided the residential houses of Jain on December 22, 2021. Jain was a partner in M/s Odochem Industries.
During the raid and search operations by DGGI Ahmedabad at his office-cum residence, a huge amount of unaccounted cash to the tune of Rs 196.58 crores and 32 gold bars weighing approximately 23 kgs were seized. As many as 12 out of 32 gold bars had foreign markings on them.
Tandon stated that the Department of Revenue Intelligence under the Lucknow unit had charged Jain for gold bars and had claimed that the gold bars were smuggled . The accused had got bail from Allahabad high court in both cases.