Kamal Nath’s nephew Ratul Puri arrested

Businessman Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, along with four directors were arrested last night by the Enforcement Directorate (ED) in connection with an alleged Rs 354 crore bank loan fraud case.

He will be produced before a court today. The CBI had also filed a First Information Report (FIR) in the case and raided six locations yesterday.

A criminal case was filed in this instance by the Central Bureau of Investigation (CBI) on August 18 and multiple raids were conducted against Puri, his father and Moser Baer firm promoter Deepak Puri, mother Nita Puri, and others.

Puri is a former senior executive of electronics firm Moser Baer. He has been under the scanner for a number of separate investigations in recent months ranging from tax fraud to the AgustaWestland Chopper scam. However, he claims to be innocent.

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