It’s not BJP money: the finance minister seized cash from UP perfume creator

Prosecutors outline the financial case of the campaign against Lev Parnas as the criminal trial begins

Speaking to reporters after the GST Council meeting, she said law enforcing agencies act on actionable intelligence in conducting raids.

Union Finance Minister Nirmala Sitharaman on Friday said the nearly ₹200 crore cash recovered from perfume maker Piyush Jain is not BJP money, as she defended the timing of the tax raids saying they were based on actionable intelligence.

Highlights

  • She said the former chief minister Akhliesh Yadav is “shaken” by the raids, as she sought to defend the action.

  • “It is not BJP money,” she said when asked about opposition charge that the ₹197.49 crore cash recovered from perfume maker Jain in UP’s Kannauj was her party’s money and the tax authorities had raided the person by “mistake” and are now raiding the other Jain they had originally wanted to target.

Dismissing opposition charge that the raids were politically motivated, she asked if the raiding parties come empty handed.

“How do you know whose money is it? Are you his partner? Because only partners know whose money is kept,” she said.

Recovery of money shows there was actionable intelligence, she said, adding the raids happening on Friday too were based on such inputs.