CBI books Kamal Nath's sister, nephew in multi-crore HPVL scam

NEW DELHI: The Central Bureau of Investigation (CBI) booked former Madhya Pradesh Chief Minister Kamal Nath's sister Nita Puri along with her husband Dipak Puri and son Ratul Puri in a bank fraud case to the tune of Rs 787 crore after it came to fore that the Directors of the Moser Baer Solar Limited (MBSL) instead of utilizing the amount towards the repayment of the consortium of banks invested a sum of Rs 696 crore in Helios Photovoltaic Limited (HPVL), managed and looked after by the husband-wife duo.

The CBI had registered a case on June 26 against nine people including Dipak Puri and Ratul Puri. Beside father-son duo, the CBI has named Sunita Gupta, Deepak Khandelwal, Rajesh Khandelwal, Sunita Mowdgal all directors of the MBSL, Assistant Director Bernhard Hermann Gallus and Sanjay Jain, independent director of the firm. The CBI has booked them under several sections of the Indian Penal Code and the Prevention of Corruption Act. The CBI on Friday also carried out searches at seven locations in Delhi, Uttar Pradesh's Noida and Ghaziabad and Madhya Pradesh's Anuppur and seized several incriminating documents. This is the second case against Puri family by the CBI in the last 11 months.

According to the Punjab National Bank (PNB) complaint filed with the CBI, it alleged that MBSL implemented a thin film project based on Amorphous Silicon of 40 MW.

The PNB complaint further said that the MBSL in order to further consolidate and strengthen business opportunities decided to install an advanced, high performance selective emitter high efficiency silicon cell manufacturing line with annual capacity of 90 MW and a matching module line. (IANS)

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