August 10, 2020 | 7:56 AM IST
money laundering case

CM Kamal Nath’s relative Ratul Puri arrested in Rs 354 cr money laundering case

Enforcement Directorate (ED) arrested businessman Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath’s nephew, from Delhi in Rs 354 crore bank fraud case on late Monday night after it informed a Delhi court that he was evading probe.

Former executive director of Moser Baer India Limited, Puri has been arrested under the provisions of Prevention of Money Laundering Act (PMLA) and will be produced before the court today. Puri is also being probed in the AgustaWestland VVIP choppers case involving allegations of bribe to facilitate Rs 3,600 crore deal for a dozen luxury helicopters to be purchased for top Indian leaders in 2007 during the Congress-led UPA-1 government.

It may be noted that the Central Bureau of Investigation (CBI) filed an FIR against him on April 20 this year after a forensic audit and raids were carried out on six properties of Puri family including that of his father and company’s managing director Deepak Puri, mother and company’s director Nita Puri and others for defrauding the state-run Central Bank of India to the tune of Rs 354.51 crore. Even though Puri resigned from the post, his parents continue to be on the board.

The bank claimed that the company and its board of directors including Sanjay Jain and Vineet Sharma fabricated documents to gain funds. All have been booked along with the company. It may be noted that on July 26, Puri gave investigators a slip on the pretext of going to the washroom after he feared that he could be arrested.

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