Businessman Piyush Jain caught with Rs 200 crore will get bail

Piyush Jain was arrested on December 26, 2021 for tax evasion. (file)


The Allahabad Excessive Courtroom on Thursday granted bail to businessman Piyush Jain, whose premises have been raided final yr and Rs 200 crore in money and 23 kg of gold seized by central businesses.

Attributable to his arrest simply earlier than the Uttar Pradesh meeting elections, the BJP had known as the Kanpur-based fragrance dealer a “good friend” of the Samajwadi Get together (SP). However the opposition occasion had alleged that Piyush Jain belongs to the BJP.

Justice Subhash Vidyarthi allowed the bail software by Piyush Jain on manufacturing of a private bond of Rs 10 lakh and two dependable sureties of like quantity.

Piyush Jain was arrested on December 26, 2021 by the Director Basic of GST Intelligence (DGGI) for tax evasion.

The court docket stated that the applicant shall not tamper with the proof or affect any witness in the course of the trial. The court docket stated that he would seem earlier than the trial court docket on the stipulated date, except exempted from his private look, through which case he would seem by his counsel, the court docket stated.

The court docket stated that it shall not, immediately or not directly, make any inducement, menace or promise to any individual acquainted with the info of the case in order to forestall him from disclosing such info to any police officer or tampering with the proof. Can go ,

In case of violation of any of the above situations, the prosecution shall be at liberty to file an software earlier than this court docket searching for cancellation of the current order bail, it stated.

“The applicant has already spent greater than eight months in jail and through this era the division has not sought custodial interrogation from him, which exhibits that his custody is just not required in any respect,” the court docket stated.

(Aside from the title, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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