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.
Source link
