Kamal Nath terms Nephew’s arrest by ED a “Mala fide action”

The Enforcement Directorate (ED) has arrested Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in connection with a Rs 354-crore bank fraud case. Puri was arrested here on Monday after the ED questioned him. He will be produced before a court today.

On Sunday, the Central Bureau of Investigation (CBI) had booked Puri, then executive director of Moser Baer, and four others in connection with the bank fraud case. Besides Puri, those who were booked by the agency are — Deepak Puri, Nita Puri, Sanjay Jain and Vineet Sharma.

They have been booked for alleged criminal conspiracy, cheating, forgery and corruption on the complaint filed by Murali Chetturi, a deputy general manager of Central Bank of India.

Puri is also an accused in a money laundering case connected to the Rs 3,600-crore AgustaWestland VVIP chopper scam.

Calling the arrest of his nephew a “mala fide action”, chief minister Kamal Nath on Tuesday said that he is not connected with Puri’s business while adding that the courts will take corrective stand in the matter.

“I have no connection with the business they are doing. I am neither a shareholder, nor a director or anything (in the Puri’s business). To me, it appears to be a purely mala fide action. I have full faith that courts will take a corrective stand in this,” he told reporters when asked about his nephew Ratul Puri’s arrest.