ED opposes bail of Kamal Nath's nephew in VVIP chopper scam

Ratul Puri (centre) after being arrested, on Tuesday | Photo: PTI

The Enforcement Directorate (ED) Tuesday opposed the bail application of businessman Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in the money laundering case related to the VVIP chopper scam.

The probe agency told Special Judge Arvind Kumar that the stage was not fit to release Puri on bail since the investigation was still ongoing.

If granted the relief, the accused may flee from justice and hamper the investigation, it said.

Puri has moved his bail plea through advocate Vijay Agarwal, saying he was not required for the investigation and that no purpose will be solved by keeping him further custody.

The ED had arrested Puri on September 4 in the case and is in judicial custody.

The ED 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 over alleged breach of contractual obligations and charges of kickbacks worth Rs 423 crore being paid to secure the deal.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel