New Delhi :The Enforcement Directorate (ED) has accused the nephew of Madhya Pradesh Chief Minister Kamal Nath – Ratul Puri – then Executive Director of Moser Baer India Ltd (MBIL) of “spending over $4.5 million” from a credit card issued from Dubai through alleged AgustaWestland deal middleman Rajiv Saxena on a “lavish lifestyle on holidays travelling in private jets and night clubs”. The financial probe agency filed the charge sheet against Ratul Puri in a Delhi court on Thursday.
Ratul Puri was arrested on August 18 this year in a money laundering case under the Prevention of Money Laundering Act (PMLA) based on an FIR by the Central Bureau of Investigation (CBI) against MBIL and others.
The ED in its charge sheet alleged that Ratul Puri had “transferred” funds consisting of bank loans to various subsidiaries of MBIL across the world in the guise of giving loans and investments.
The probe agency said that Rahul Puri with the help of various hawala operators and professionals created “corporate structures” in various jurisdictions and invested in asset creation like buying a factory, movable assets and also for funding a lavish lifestyle for which a credit card was got issued from the Dubai based hawala operator Rajiv Saxena, who was deported to India in the AgustaWestland scam. (IANS)