The chargesheet of the Enforcement Directorate (ED) has revealed the unaccounted expenses of Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath. Ratul was arrested by the ED in August in a money laundering case of 8,000 crore. He is also an accused in the VVIP chopper scam. According to the ED, Ratul was living a luxurious life on the credit card of Dubai hawala operator Rakesh Saxena. He used to travel in a private jet and used to go to the nightclub everyday. He spent 7.8 crores rupees ($ 11,43,980) in a club in America.
In the chargesheet filed recently, the ED said that the names of Ratul, his associates and Moser Baer India Private Limited are included. Ratul is the executive director of the company and his father Deepak Puri is the owner of Moser Baer. According to the ED, Ratul is accused of taking Rs 8,000 crore loan from banks and transferring it to another group. The agency investigated the transfer of funds by Ratul to several accounts linked to Moser Baer in India and abroad.
Ratul collected assets with the help of hawala operators
It has come to light that with the help of hawala operators, Ratul had bought several factories and movable properties. Not only this, he was using the credit card of Dubai hawala operator Rakesh Saxena. Saxena is the main accused in the money laundering case involving the Agusta Westland chopper scam. Agencies brought him to India from Dubai this year.
According to the ED, Ratul spent Rs 32 crore ($ 4.5 million) from Saxena’s credit card between November 2011 and October 2016. During this time, he spent an endless amount of time on holiday trips, traveling in private jets and going to night clubs.
ED arrested Ratul on 20 August
The Enforcement Directorate had registered a case against Ratul Puri, father Deepak Puri, mother Neeta (Kamal Nath’s sister) and others for cheating 354 crore from the Central Bank. The bank had claimed that Moser Baer’s directors used false documents to obtain loans. Ratul was arrested on 20 August. He has been in jail since then. Special court has extended his judicial custody till 25 October. On the other hand, the CBI also registered a case against Sanjay Jain and Vineet Sharma under sections of criminal conspiracy, cheating and corruption.