Ratul Puri's ED custody extended by 4 days in bank fraud case

A Delhi court on Friday extended by four days custodial interrogation of Ratul Puri, nephew of Mhya Presh Chief Minister Kamal Nath, by Enforcement Directorate in a bank loan fraud related money laundering case.

Special judge Sanjay Garg passed order on ED's plea seeking four more days' of Puri's custody, after vocate appearing for accused did t oppose request.

"With a view to enable investigating ncy to unearth entire conspiracy, find out trail of proceeds of crime, establish identity of or unkwn co-accused persons and confront accused with volumius record of documents, custody remand of accused is extended for four days," court said.

While seeking his furr custody, ED told court that "during probe, volumius record of documents has been collected and due to paucity of time, could t be confronted with m".

ncy said that extension of custody was required for four days for "thorough interrogation to unearth entire conspiracy, find out trail of he proceeds of crime and investment of or unkwn accused persons and confront accused with volumius record of documents".

vocate Vijay Aggarwal, appearing for accused, said that though accused was t mitting contents of ED's application, "he does t oppose grant of remand in his endeavour to fully co-operate with investigating ncy".

ED h arrested Puri on August 20 in money laundering case arising out of bank loan fraud case.

court h on August 26 extended Puri's ED custody by four days.

re is ar money laundering case connected with AgustaWestland VVIP chopper scam in which Delhi High Court h earlier dismissed his anticipatory bail plea, saying his custodial interrogation was "required for an effective investigation".

Puri was arrested under Prevention of Money Laundering Act (PMLA) in bank fraud case after he appeared before central probe ncy here in chopper scam after it h slapped a fresh criminal case against him and ors, taking cognisance of a CBI FIR.

latest PMLA case emerged from a CBI FIR of August 17, where Ratul Puri, his far Deepak Puri, mor Nita (Nath's sister) and ors were booked in connection with a Rs 354 crore bank fraud case filed by Central Bank of India.

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CBI h carried out multiple searches in pursuance of this FIR.

Puri family, or individuals like Sanjay Jain and Vineet Sharma were booked by CBI for alleged criminal conspiracy, cheating, forgery and corruption.

Ratul Puri was booked in this case in his capacity as executive director of Moser Baer India Limited (MBIL), a firm promoted by his far Deepak Puri.

company is manufactured optical stor media like compact discs, DVDs, solid state stor devices.

Ratul Puri h resigned from post of executive director in 2012, while his parents continue to be on board, bank h said in a statement and compliant to CBI.

Moser Baer was taking loans from various banks since 2009 and went for debt restructuring a number of times, bank h alleged in complaint which is w part of CBI FIR.

When it was unable to pay debt, a forensic audit was done and account was declared as "fraud" by Central Bank of India on April 20, 2019, it h alleged.

bank h claimed that company and its directors forged and fabricated documents to induce Central Bank of India to release funds.

Ratul Puri is facing criminal investigation by three main central probe ncies, ED, CBI and Income Tax department.

tax department has attached a number of his alleged 'benami' assets in recent past and has charged him with benefiting from purported kickbacks generated in Rs 3,600 crore VVIP choppers deal case, cancelled by India in 2014 on charges of corruption. 

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