video | Piyush Jain: The UP Perfume Baron and Rs. 196 crore kept in the house

The biggest story of UP in the last one week is not about our leaders in the election state, but about Piyush Jain, a low-profile businessman who runs the perfume business of Kannauj. His factory and residence were raided by tax officials in Kanpur and Kannauj in the last one week, which contained around Rs 200 crore in cash. The political blame game on the incident is different, the question being how the businessman – just arrested – managed to amass so much cash and valuables without first noticing the authorities.

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