The funds were received as FDI investment in Optima Infrastructure Pvt Ltd, a group concern of his father Deepak Puri's company Moser Baer, they said.
The I-T department alleges that the investment of Rs 254 crore was generated through "over-invoicing of imports of solar panel" by another group company, namely HEPCL, and was "facilitated through shell companies" of Dubai-based operator Rajiv Saxena, who is an accused in the AgustaWestland VVIP chopper scam case.
Saxena is under arrest by the Enforcement Directorate in the chopper scam case, while Ratul Puri is being questioned.
They said Ratul Puri is the beneficial owner of these benami held equity shares and has been charged under the relevant law.
The tax department had conducted raids on Ratul and Deepak Puri's companies and businesses in April this year during which the documents of these alleged illegal transactions were reportedly seized.
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