Lucknow: A total of Rs 257 crore was seized in a raid on Piyush Jain's house and properties in Lucknow. Other than cash, kilos of gold and documents of various luxury properties were found in the house. The money and documents were seized after a 120-hour raid.

Piyush Jain, a perfume trader conducts his business in Kanpur’s Ittarwali Gali, known for perfume trade. He has offices in Kannauj, Kanpurand Mumbai. The Income Tax department has found around 40 companies through which Jain would conduct business.

Authorities say Piyush Jain has been arrested for tax evasion. Piyush's arrest was recorded after 50 hours of questioning. Authorities said his arrest was registered under Section 69 of the Central Goods and Services Tax (CGST) Act. A detailed investigation is underway.

Income Tax Department and Directorate General of GST Intelligence (DGGI) raided Piyush's house in Kanpur. It only took hours for the officers to count the money recovered from the house. They also seized kilograms of gold and documents of various properties. The documents of 16 properties worth crores were found in the raid. Four of these properties are in Kanpur, 7 in Kanauj, 2 in Mumbai, and 1 is in Delhi. Two of the properties are located overseas.

Investigators also found 18 lockers in Piyush's home. A large set of keys containing 500 keys was also found. Attempts were made to open the lockers using several of these keys.

Meanwhile, his employee revealed that Piyush Jain was in Delhi when the officers arrived for the raid. All the family members were in Delhi for their father's treatment. Only Piyush's two sons were home at the time of the incident. Piyush Jain returned to Kanpur after being summoned by officials, national media reported, quoting a domestic worker.