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Bank Fraud: Kamal Nath’s Nephew Ratul Puri Granted Bail

Puri was granted the relief saying no purpose will be served by keeping him in further custody.

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A Delhi court Friday, 12 December granted bail to businessman Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in a money laundering case related to a bank loan fraud.

Special Judge Arvind Kumar granted the relief to Puri saying no purpose will be served by keeping him in further custody.

The Enforcement Directorate had last month filed a charge sheet against Puri and his company Moser Baer.

It had arrested Puri on 20 August and he is currently in judicial custody in the case which emerged from a CBI FIR of 17 August.

Puri, his father Deepak Puri, mother Nita (Nath’s sister) and others were booked in connection with the Rs 354 crore bank fraud case file by the Central Bank of India.

Puri was arrested under the Prevention of Money Laundering Act (PMLA) in the bank fraud case after he appeared before the central probe agency in the VVIP chopper scam.

The court had on December 2 granted bail to Puri in the AgustaWestland money laundering case, while directing him not to "tamper with evidence" or "try to contact or influence the witnesses".

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Topics:  Kamal Nath   Ratul Puri 

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