Madhya Pradesh CM Kamal Nath’s Nephew Ratul Puri Sent To Judicial Custody Till 17 September In Bank Loan Fraud CaseRatul Puri (Pic via Twitter)

A special court of the Central Bureau of Investigation (CBI) in Delhi on Tuesday (3 September) sent Madhya Pradesh Chief Minister (CM) Kamal Nath's nephew Ratul Puri to judicial custody till 17 September in a case of money laundering case related to a band fraud, reports LiveMint.

The Enforcement Directorate (ED) arrested Puri on 20 August in connection with the money laundering case. Puri will now be brought before the court on 17 September in the case which involves an alleged bank loan fraud of Rs 354 crore. He is being tried under the Prevention of Money Laundering Act (PMLA).

Tensions have been mounting for Puri and his family since 17 August when CBI registered an FIR against Puri, his father Deepak Puri, mother Nita (Kamal Nath’s sister) and a number of others. After the registration of the FIR and revelation of money laundering in the case, provisions of the stringent PMLA had been pressed in.

Meanwhile, another CBI court hearing the AugustaWestland VVIP chopper scam has directed the Tihar jail authorities to present Puri before it on Wednesday (4 September) when the special judge Arvind Kumar is expected to decide on Puri’s application to surrender.


An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber