Watch Kamal Nath's First Response To Nephew Ratul Puri's Arrest

General News

Madhya Pradesh CM Kamal Nath asserted political vendetta over his nephew Ratul Puri's arrest by ED, further adding that he has no connection with the business.

Written By Aishwaria Sonavane | Mumbai | Updated On:

Kamal Nath, the chief minister of Madhya Pradesh, called the arrest of his nephew and businessman Ratul Puri by the Enforcement Directorate (ED) 'purely malafide' while speaking to the media. 

In his first response over the bank loan fraud case of Rs. 354.51 crores, the senior Congress leader, Kamal Nath asserted that he had no connection with Moser Baer India Ltd and that this was a vendetta against him. 

"I have no connection with the business they are doing. I'm neither a share-holder nor a director. To me, it appears to be a purely malafide action, and I have full faith in the Court."

"The way all agencies are being used, politics is leveraged is very sad. I believe the Court will investigate the matter. Where is this country being dragged, sometimes (they go) behind Chidambaram, sometimes behind Ahmed Patel," Nath added. 

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Ratul Puri's Case

Officials notified that Puri was placed under arrest under the provisions of the Prevention of Money Laundering Act (PMLA) late on Monday night. The arrest of Kamal Nath's nephew comes after repeated attempts by the businessman to evade investigation. 

The criminal case over bank loan fraud was filed against Moser Baer India Ltd following a complaint was filed by the CBI. They said Puri was placed under arrest under the provisions of the Prevention of Money Laundering Act (PMLA) late Monday night. He is known to be produced before the Court on Tuesday, according to the officials.

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The arrest was made over the allegations of the CBI who accused Puri and a few others of fabricating documents. In consequence of the loan fraud, the CBI suffered heavy losses.  

As per news agency PTI, the CBI was conducting searches at offices, residences for former and present directors of Moser Baer company in the alleged bank fraud case. On Sunday, the CBI also booked Ratul Puri and four other directors in connection with the bank fraud case. Ratul Puri is the son of Deepak Puri, who is the owner and promoter of Moser Baer group in India. Others booked in the matter include Managing Director Deepak Puri, Directors Nita Puri, Sanjay Jain, and Vineet Sharma. 

Kamal Nath's nephew is already undergoing probe of the ED in the AgustaWestland VIIP chopper case.

READ| AgustaWestland Case: ED Fears A Witness Has Been Killed, Makes Disclosure While Arguing Against Ratul Puri's Bail

(With PTI inputs) 

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