Ratul Puri's arrest purely 'mala fide' action: Madhya Pradesh CM Kamal Nath

ED has arrested Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in connection with Rs 354-crore bank fraud case.

Published: 20th August 2019 01:49 PM  |   Last Updated: 20th August 2019 01:49 PM   |  A+A-

Madhya Pradesh CM Kamal Nath

Madhya Pradesh CM Kamal Nath (File Photo | PTI)


BHOPAL: Calling the arrest of his nephew Ratul Puri in a bank fraud case a "mala fide action", Chief Minister Kamal Nath on Tuesday said that he is not connected with Puri's business while adding that the courts will take corrective stand in the matter.

"I have no connection with the business they are doing. I am neither a shareholder, director or anything (in the Puri's business). To me, it appears to be a purely mala fide action. I have full faith that courts will take a corrective stand in this," he told reporters here when asked about his nephew, Puri's arrest.

The Enforcement Directorate (ED) has arrested Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in connection with Rs 354-crore bank fraud case.

Puri was arrested on Monday after the ED questioned him. He will be produced before a court today.

On Sunday, the Central Bureau of Investigation (CBI) had booked Puri, former executive director of Moser Baer, and four others in connection with the bank fraud case.

Besides Puri, those who were booked by the agency are -- Deepak Puri, Nita Puri, Sanjay Jain, and Vineet Sharma.

They have been booked for alleged criminal conspiracy, cheating, forgery and corruption on the complaint filed by Murali Chetturi, a deputy general manager of Central Bank of India.

Earlier, calling the arrest of its former executive director Ratul Puri by Enforcement Directorate (ED) as "unfortunate", Moser Baer said that the company had operated in accordance with all legal compliances while adding that the case is 'motivated.'

"The arrest by Enforcement Directorate is unfortunate. Moser Baer had operated in accordance with all legal compliances and this case now, when Moser Baer is in National Company Law Tribunal (NCLT), is motivated," Moser Baer said in a statement.

Puri is also an accused in a money laundering case connected to the Rs 3,600-crore Agusta Westland VVIP chopper scam.

On Monday, Special CBI Judge Arvind Kumar had reserved the order for August 21 on Puri's plea seeking cancellation of a non-bailable warrant (NBW) against him in the case.

On August 14, the Delhi High Court had granted Puri interim protection from arrest till August 20.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp