Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, was arrested this morning by the Enforcement Directorate for an alleged Rs. 354 crore bank fraud, after multiple attempts by him to avoid being caught.
A former senior executive of the now-defunct electronics firm Moser Baer, Ratul Puri has been charged by the CBI on a complaint by state-run Central Bank of India, which alleged that the company had taken loans from various banks since 2009 and misused the money. Mr Puri and four former directors are accused of forging bank documents for a Rs. 354 crore-swindle.
Those charged include the company Moser Baer, its managing director Deepak Puri, and directors Nita Puri, Sanjay Jain and Vineet Sharma.
Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, was arrested this morning by the Enforcement Directorate for an alleged Rs. 354 crore bank fraud, after multiple attempts by him to avoid being caught.
A former senior executive of the now-defunct electronics firm Moser Baer, Ratul Puri has been charged by the CBI on a complaint by state-run Central Bank of India, which alleged that the company had taken loans from various banks since 2009 and misused the money. Mr Puri and four former directors are accused of forging bank documents for a Rs. 354 crore-swindle.
Those charged include the company Moser Baer, its managing director Deepak Puri, and directors Nita Puri, Sanjay Jain and Vineet Sharma.
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