About Ratul Puri

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the business was linked to the manufacture of optical storage media including compact discs, DVDs, reliable condition storage products.

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The complainant financial institution has alleged the sale proceeds of business enterprise created by Moser Baer weren't deposited Together with the consortium banking companies and instead were “siphoned off”.

previous chief minister Kamal Nath experienced accused the BJP of orchestrating raids by central agencies, professing that the investigation from Ratul Puri was a target of political vendetta.

“it truly is surprising that no other bank has up to now approached the CBI and to obtain a scenario registered in opposition to Puri when the consolidated NPAs of the group stands at Rs six,000 crore,” an Formal said.

That is to mention, the prosecution has did not make out a prima facie case for framing of expenses qua this accused, for which he was becoming prosecuted by submitting the prosecution complaint.”

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Ratul Puri experienced resigned through the submit of govt director in 2012, although his parents continue to get about the board, the lender had mentioned in a statement and compliant on the CBI.

within the chopper scam the Delhi significant courtroom had before dismissed Puri's anticipatory bail plea, expressing his custodial interrogation was "demanded for a highly effective investigation".

They (ED) really need to choose responsibility of their steps. They chose to move an arrest warrant (NBW). Now when I need to surrender, they are saying they don’t want me to surrender. If ED claims they can not arrest me right now, can I be deprived from using the lawful good thing about that,” Luthra reported.

  The agency knowledgeable the court that although it had formally arrested the accused, it absolutely was constrained to move the appliance for judicial custody as it absolutely was too late during the day as well as the ED expected time to move the plea for custodial interrogation.

The Central lender of India, in its complaint, stated the business experienced availed alone of credit score facilities below several-establishment arrangement from 14 community sector banking institutions.

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