CBI raids Congress leader Kamal Nath's kin Ratul Puri's premises in connection with Rs 787.25 crore loss to PNB and other banks
New Delhi/IBNS: The CBI on Saturday raided the Noida and Delhi premises of Congress leader Kamal Nath's nephew Ratul Puri, accused in a case related to alleged loss of Rs 787.25 crore to Punjab National Bank (PNB) and other consortium of banks, said media reports.
PNB registered an FIR against Moser Baer company, where Puri was an executive director till 2012, and others including its directors, bank officials and some unknown persons, said a HT report.
These raids are in connection with the fresh allegations against Puri.
Earlier in 2019, the Central Bank had alleged that Moser Baer was taking loans from different banks since 2009 and went for debt restructuring a number of times, the HT report said.
When the company failed to pay back the loans, a forensic audit was ordered, after which the account was declared fraudulent, by the bank on April 20, 2019, the report added.
Moser Baer manufactures optical storage media like compact discs, DVDs, solid state storage devices.
The Enforcement Directorate (ED) had filed a chargesheet against Puri in October 2019 alleging his involvement in bank frauds worth Rs 7,900 crore.
In the chargesheet, the ED had claimed Puri indulged in a lavish lifestyle, including holidays abroad, flying in private jets, attending night clubs, the report added.
Puri is also a key accused in a money laundering case linked to AgustaWestland scam.
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