ED arrests Ratul Puri in Rs 354-crore bank fraud case
New Delhi : The Enforcement Directorate has arrested Madhya Pradesh Chief Minister Kamal Nath's nephew Ratul Puri over his alleged involvement in Rs 354-crore bank fraud case filed by Central Bank of India, said a report.
On Sunday, the CBI had booked Ratul Puri and others in connection with the bank fraud case.
The action from Enforcement Directorate came three days after the CBI had registered a case against him and his family members who were a part of his company for alleged criminal conspiracy, cheating, forgery and corruption.
The CBI had raided six places on Sunday, including his residences and the offices of the accused directors.
Ratul had resigned from the post of Executive Director in 2012, while his parents continued to be on the board, the bank had said in a statement.
The company is involved in the manufacture of optical storage media like compact discs, DVDs, solid state storage devices.
The company had taken loans from various banks since 2009 and went for debt restructuring a number of times, the bank has alleged in the complaint which is now part of the CBI FIR.