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Perfume businessman Piyush Jain was finally released from jail after 8 months on Thursday afternoon. His release permit was issued by the magistrate’s court on Wednesday itself, but due to technical fault, the jailer stopped the release on Wednesday. On Thursday, Piyush was released after he was sent to jail after correcting the defect.
About Rs 197 crore in cash and 23 kg of gold were recovered from Piyush’s residences in Kanpur and Kannauj. Two cases were registered in this case on behalf of DGGI Ahmedabad and DRI Lucknow. In both the cases, he has got bail from the High Court.
In the case of DGGI, after the bail received recently, the Special CJM Court had directed him to file two sureties of Rs 10 lakh each. Wife and son had filed FD of 10 lakh each on his behalf. Whose verification report came on Wednesday, after which the court had ordered the release of Piyush.