Chargesheet Filed against Ratul Puri & Others in Rs. 355 Crores Bank Fraud & Money Laundering Case

Team SoOLEGAL 17 Oct 2019 6:50pm

Chargesheet Filed against Ratul Puri & Others in Rs. 355 Crores Bank Fraud & Money Laundering Case

Chargesheet has been filed on Thursday against Ratul Puri & Moserbaer Company in the Central Bank of India fraud scam being investigated by the Enforcement Directorate (ED).

The charge-sheet has been filed by ED before the Special Court of Addl. Sessions Judge Sanjay Garg at Rouse Avenue Courts Complex, Delhi. The agency submitted documents against accused persons in the money laundering case in the regarding a bank loan scam.

ED has submitted that two group companies of the Moserbaer Group were allegedly involved to launder money and divert funds in the Central Bank of India loan fraud amounting to Rs. 355 Crores.

Ratul Puri, who is the nephew of Madhya Pradesh CM Kamal Nath was arrested by the top enforcement agency on August 20 this year. He is also presently lodged in judicial custody in another case of money laundering in the AgustaWestland VVIP Chopper scam.

Ratul was arrested by the ED under the provisions of PMLA (Prevention of Money Laundering Act, 2002 in the present case while he appeared before them in the chopper scam case.

The case was investigated by ED on the basis of an FIR Lodged by the Central Bureau of Investigation (CBI) on August 17 acting upon a complaint filed by the Central Bank of India against Ratul Puri, his father Deepak Puri, his Mother and Kamal Nath’s sister Nita Puri and others alleging a fraud of Rs 355 Crores. The Bank alleged that the company and its directors had forged and fabricated several documents to persuade the bank for releasing funds.

Ratul Puri was the executive director of Moser Baer India Limited. The company was into the business of manufacturing of optical storage media like compact discs, DVDs and other storage devices.

Tagged: Ratul Puri   Bank Fraud   Enforcement Directorate   Special Court  
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