Ratul Puri will however remain in jail as he was also arrested in another case - the one related to bank fraud

Senior advocate Vikas Pahwa, appearing for Puri, told Special Judge Arvind Kumar that he was not a director or a shareholder, directly or indirectly

Special Judge Arvind Kumar issued notice to the ED and directed it to file a reply by November 22, when the court will next hear the matter.

The searches carried out by the tax officials uncovered a lot of incriminating evidence demonstrating large scale tax evasion, hawala transaction and money laundering by Alankit Group of Companies.

Ratul Puri was arrested on August 19 this year and was remanded to judicial custody

Ratul Puri bank fraud case: ED filed the chargesheet against Ratul Puri who is the nephew of Madhya Pradesh Chief Minister Kamal Nath in a money laundering case pertaining to a bank loan scam.

The court has allowed Ratul Puri to carry his medicines along with him to jail, subject to the opinion of the jail doctor. The judge also asked the jail superintendent to consider Puri's request to provide orthopaedic mattress as per prison rules

The money laundering case was lodged following alleged irregularities in purchase of 12 VVIP choppers from Italy-based Finmeccanica's British subsidiary, AgustaWestland

Apart from Michel, two other middlemen, Guido Haschke and Carlo Gerosa, are being probed by ED and CBI; the Delhi court had also sent businessman Ratul Puri to 6-day ED custody in the case