Recently, A Delhi Court issued bail to Ratul Puri who is a businessman and nephew of Kamal Nath, Chief Minister of Madhya Pradesh. The accursed is suspected in a money laundering case related to bank loan fraud. The court has also ordered him not to cross the country without its permission and has to help the probing whenever called for.
Arvind Kumar, Special Judge, granted the bail to the
businessman on a condition of a personal bond worth of rupees five lakh with
two sureties of the same amount.
Ratul Puri is already on bail in the case of AgustaWestland. He
was detained earlier for this and now he is likely to come out again since he
is already on bail.
The court in its statement said “He (Puri) shall not try to
influence the prosecution witnesses or tamper with the evidence in any manner,”
It observed that the case was initially based on the evidence
of the documentary.
“A number of raids have been conducted by several
investigating agencies at the official premises of the investigating agency and
residences as well.
The court further said “the official liquidator is holding
the entire records of the company of the accused, therefore, comprehension of
the probe agency that the applicant would tamper with evidence seems to be
unconvincing”.
It was noticed that the accused had lasted dwelling in Delhi,
wherein he was residing with his family.
The court also said “the applicant has camaraderie in the
society as he is identified as the chairman of the Board of Directors of
Hindustan Power Projects Limited. He holds the strength of almost 21,000 employees.
This shows there are hardly any chances of his fleeing from justice.
While appearing for Ratul Puri, Vijay Aggarwal Advocate stated that his client had resigned before
the purported period of offense. He further said, “No case was made out against
my client”.
N K Matta, Special Public Prosecutor, Enforcement
Directorate’s had opposed the application of bail. He said, “Puri may influence
the witnesses and tamper with the evidence if released”. Last month,
Enforcement Directorate had filed a charge sheet against Puri and Moser Baer
(his company).
It had arrested the accused on 20/08 and he is presently in the
judicial custody in this case, which emerged from a CBI FIR of August 17.
Deepak Puri (his father), Nita (Mother) and he with others
were detained in connection with the band fraud case of Rs 354 crore filed by Central
Bank of India.
Puri was arrested under the Prevention of Money Laundering
Act (PMLA) in the bank fraud case after he appeared before the central probe
agency in the VVIP chopper scam.
Under the Prevention of Money Laundering Act (PMLA), Puri was
arrested in the bank fraud case. After he appeared before the central probe
agency in the VVIP chopper scam.
Meanwhile, Delhi High Court safeguarded its order on the plea
of the Enforcement Directorate against the trial court order for granting bail
to Puri in the chopper scam case.
The court on Dec 2 granted bail to Puri in the money
laundering case of AgustaWestland while instructing him not to “tamper with
evidence” or “try to contact or influence the witnesses”.