1 year ago

Ratul Puri Discharged in Moser Baer Bank Fraud Cases

Ratul Puri Discharged in Moser Baer Bank Fraud Cases
Industrialist Ratul Puri discharged in Rs 1,101-cr Moser Baer cases · rediff.com

Imagine a businessman named Ratul Puri was accused of owing a lot of money to banks, like over a billion rupees.

The government investigated, but the judges looked at the evidence and said they didn't see enough proof that he did anything wrong on purpose.

So, the case was dismissed!

The government is trying to appeal the decision, but for now, the courts said it was more like a business disagreement than a crime.

They also noted that the banks didn't approve the government to investigate their own employees in these cases, which made it harder for the government to prove its case.

Key facts

Accused
Ratul Puri
Total Fraud Amount
Rs 1,101 crore
Cases Involved
Moser Baer Solar Limited and Moser Baer India Ltd
CBI's Actions
Filed chargesheets and revision petition
Court Decisions
Discharged Puri due to lack of evidence

Sources

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