Kanpur-based businessman Piyush Jain was arrested on charges of tax evasion. Jain has been booked under Section 69 of the Central Goods and Services Tax (CGST) Act. Officials said Piyush Jain was taken into custody by the GST Intelligence unit in Kanpur on Sunday.

During the raid on his residence in Kanpur, officials reportedly recovered cash worth over Rs 150 crore in addition to gold and silver amounting to an overall recovery of nearly Rs 257 crore. Officials familiar with the raid said the unaccounted cash recovered from Piyush Jain's residence was allegedly linked to the dispatch of goods via fake invoices and without e-way bills by a goods transporter.

Meanwhile, political leaders have been exchanging barbs over the matter. Watch this video to find out what Prime Minister Narendra Modi, Akhilesh Yadav and others said.