Tag Archives: Ratul Puri

CBI books Ratul Puri, Moser Baer in Rs. 7.87 billion bank fraud case

Newsroom24x7 Network

The Central Bureau of Investigation has registered a case and conducted raids on Friday 26 June at the premises of Delhi based Moser Baer Solar Limited and others including its Directors Dipak Puri and Ratul Puri, guarantors, other unknown persons & bank officials in a Rs.787.25 cr. (Rs 7870 million or 7.87 billion) bank fraud case linked to Punjab National Bank and other consortium of banks.

It is alleged that those accused in this scam had cheated the Punjab National Bank led consortium comprising PNB (lead bank), SBI, Exim Bank, Indian Overseas Bank, Central Bank of India, Union Bank of India, and Bank of Baroda to the tune of Rs.787.25 crore (approx) by way of diversion of bank funds, sham transactions and inflated security deposits.

Search and seizure operations have been conducted on Friday at seven locations in Delhi, Noida, Ghaziabad & Annupur (Madhya Pradesh) at the premises of the accused including the Directors and the Moser Baer Solar Limited which led to recovery of several incriminating documents and digital evidences. The investigation is continuing.

Enforcement Directorate
The Enforcement Directorate (ED) had earlier arrested Ratul Puri, the nephew of former Madhya Pradesh Chief Minister Kamal Nath on 19 August 2019.
He was later granted bail by a trial court in Delhi. Charge against him: receiving kickbaks in the Agusta Westland VVIP chopper scam.

Income Tax Department raids properties of Kamal Nath’s close aides and nephew

Newsroom24x7 Network

New Delhi/Bhopal: Income Tax department sleuths early this morning launched a massive search and seizure operation covering houses and properties belonging to Madhya Pradesh Chief Minister Kamal Nath’s close aides Praveen Kakkar and RK Miglani and his nephew Ratul Puri at different places across the country.

Till this afternoon, unconfirmed reports said that about Rs 9 crore have been seized in today’s raids.

According to Income Tax department sources, their ongoing search and seizure operation in Delhi, Bhopal, Indore and Goa, is linked to certain alleged illegal transactions. Last week, Ratul Puri had denied allegations of kickbacks received in the Agusta deal.

A team of more than a dozen Income Tax officers landed at former Police officer Praveen Kakkar’s house in Bhopal at about 3 am and another premise linked to a family business at Vijanagar in Indore.

Miglani, who along with Kakkar had been appointed as Officer on Special Duty (OSD) to the Madhya Pradesh Chief Minister, had quit his posts after the announcement of the general election to the Lok Sabha.