Print   Close

AgustaWestland case: Ratul Puri granted bail by court in money laundering scam

PTI     December 2, 2019

A Delhi court Monday granted bail to businessman Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in AgustaWestland money laundering case. Special Judge Arvind Kumar granted bail to Puri on a personal bond of Rs 5,00,000 and two sureties of like amount.

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

In his bail plea, Puri had said that he was not required for further investigation and no purpose will be served by keeping him in custody.

The Enforcement Directorate (ED) had recently filed a supplementary Prosecution Complaint against Puri and Jaspreet Ahuja in the Rs 3,600-crore AgustaWestland VVIP chopper deal case.

In January 2014, India had scrapped a contract with Finmeccanica's British subsidiary, AgustaWestland, for supplying 12 VVIP choppers to the Indian Air Force (IAF), over alleged breach of contractual obligations and charges of kickbacks worth Rs 423 crore being paid to secure the deal.

Unemployment rate falls to 7.48% in November; labour participation rate lowest since 2016: CMIE

Tax cut aimed at attracting investment, creating jobs: Nirmala Sitharaman

URL for this article :
@ Copyright 2019 India Today Group.