Last Updated: January 18, 2023, 18:21 IST
A Delhi court docket on Wednesday granted bail to Ratul Puri, nephew of former Madhya Pradesh Chief Minister Kamal Nath, in a cash laundering case linked to an alleged fertiliser rip-off for which Rs 685 crore was claimed to have been paid as kickback.
Special Judge Vikas Dhull granted the reduction to Puri after he appeared earlier than the court docket pursuant to summons issued in opposition to him.
The court docket had issued summons in opposition to Puri on December 23 whereas taking cognizance of a supplementary cost sheet in the case.
During the listening to on Wednesday, the choose famous that Puri was not arrested in the course of the investigation and stated no goal will likely be served by sending him to custody at this stage.
Puri’s bail plea was opposed by ED’s Special Public Prosecutor Nitesh Rana, who claimed if granted the reduction, the accused might flee from justice. Rana stated Puri can also affect the witnesses and tamper proof.
While issuing the summons to Puri, the choose had stated prima facie there was sufficient proof to prosecute him.
Puri can also be an accused in circumstances associated to the AgustaWestland chopper rip-off and Moser Baer rip-off. He is at present out on bail.
According to the ED, the fertiliser rip-off case, which additionally entails RJD Rajya Sabha MP Amarendra Dhari Singh and IFFCO Managing Director and CEO U S Awasthi, relates to unlawful commissions value over Rs 685 crore allegedly paid to the NRI sons of Awasthi and Indian Potash Ltd (IPL) Managing Director P S Gahlaut, and a few others by abroad suppliers throughout 2007-14.
Indian Farmers Fertiliser Co-operative Limited (IFFCO) is a multi-state farmers’ cooperative, whereas IPL is its firm concerned in supplying fertilisers for which the federal government supplies subsidies to maintain the charges reasonably priced, the ED stated.
It alleged Awasthi and others in IFFCO generated proceeds of crime and layered it via varied unrelated entities, and a part of that was transferred to the entities managed by Awasthi and others.
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