Proceeds of crime over Rs 2,000 crore in Ratul Puri case: ED
NEW DELHI: The Enforcement Directorate told a court on Monday that the proceeds of crime from an alleged bank fraud involving Ratul Puri, a nephew of Madhya Pradesh chief minister Kamal Nath, were believed to be more than Rs 2,000 crore.
The agency told the local court that it had summoned 25 people in connection with the case and that Puri needed to be confronted with the co-accused. It claimed that Puri was non-cooperative with the investigation. The court remanded him in ED’s custody for four more days, against its demand for eight days. Puri needs to be produced before the court again on August 30.
As first reported by ET on August 22, the ED told the court on the last date of hearing that Puri had set up companies abroad to launder “tainted money” and channelled it back to invest in India. In its remand paper, ED had termed Puri a “habitual offender”. It said he was facing other grave cases of economic offence as well.
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