US Wildfire
Piyush Jain sent raw materials to Dubai in exchange of gold bars, had links in Singapore
"On Monday, 23 kg gold and 600 kg sandalwood oil having a market value of about Rs 6 crore were seized from Jain's office and factory premises, which were hidden in an underground storage. Since the gold recovered has foreign markings, the DRI has been roped in to conduct the necessary investigations," said a GST official. Sources privy to the investigation suspect that this was being done to avoid taxes and Customs duty.
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