Ratul Puri was booked In such a case in his capability as being the then govt director of MBIL, a firm promoted by his father Deepak Puri.

ED had arrested Mr. Puri on August twenty in the money laundering circumstance arising out in the bank loan fraud circumstance.

Puri is likewise staying probed around some defence purchases and his dealings with UAE-primarily based chartered accountant Rajiv Saxena. Saxena was deported to India for alleged laundering of black cash of Congress functionaries' kinfolk from the AgustaWestland chopper deal.

the corporation was linked to the manufacture of optical storage media like compact discs, DVDs, strong condition storage devices. Ratul experienced resigned within the write-up of govt director in 2012, whilst his parents carry on for being on the board, the financial institution had stated in an announcement and complaint to the CBI.

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“As this default wasn't as a result of any act of ours, Moser Baer agreed to bridge the gaps while in the funding to allow Midas Metals to complete their payment obligations… payments had been structured by the finance crew of Moser ability and we were informed that we'd acquire money from various firms although not from their account which may be from hawala operators to clear the liabilities.

It is understood which the agency desires to undertake custodial interrogation of Ratul Puri as he has allegedly been non-cooperative in this case.

the corporation allegedly gave corporate assure of about ₹.two,051.87 crore on behalf of its subsidiaries, for which it did not look for the lender’s authorization. belongings pledged for the bank as protection in opposition to the loans were being removed to evade Restoration, it can be alleged.

achieved for feedback, Nitin Bhatnagar explained: “The questions lifted and answers sought are built to prejudice and impact an on-going investigation. I have totally participated and cooperated inside the investigation. I used to be only a supervisor inside the lender of Singapore and are already situated in Dubai for very last in excess of eighteen a long time.

Puri, a important accused in the money laundering probe connected to the AgustaWestland VVIP chopper acquire rip-off, was arrested in August past calendar year and inevitably launched on bail in December.

Puri, presently in judicial custody within a separate revenue laundering case relevant to an alleged lender loan fraud, was generated prior to a Delhi courtroom

the corporate (Moser Baer) was getting loans from a variety of financial institutions given that 2009 and went for debt restructuring many times, the financial institution has alleged during the complaint and that is now Portion of the CBI FIR.

When it had been unable to pay back the personal debt, a forensic audit was finished plus the account was declared as “fraud” by the Central lender of India on twenty April, 2019, it's got alleged.

Mr. Puri was arrested underneath the avoidance of cash Laundering Act (PMLA) inside the financial institution fraud circumstance just after he appeared prior to the central probe company right here while in the chopper rip-off just after it experienced slapped a fresh felony case towards him here and Other people, taking cognisance of a CBI FIR.