Archive · 23 Jun 2025
Ratul Puri Discharged in Rs 354-Crore Bank Fraud Case
Imagine a bank gave a company, run by Kamal Nath's nephew, a lot of money, but the bank felt the company didn't pay it back.
The government looked into it, but a judge decided it wasn't a criminal case but more like a money disagreement.
The judge pointed out that the bank officials weren't investigated, suggesting no wrongdoing.
The company said they used the money correctly, as per the rules.
Basically, the judge thought it was a civil problem, not a criminal one.
Ratul Puri, nephew of Kamal Nath, was discharged in a Rs 354-crore bank fraud case.
The case involved allegations of defaulting on loans and causing financial losses to banks.
The court cited the civil nature of the dispute and lack of criminal intent.
CBI was denied sanction to investigate and prosecute 40 bank officials.
The CBI alleged that Ratul Puri, his wife, and Moser Baer India Limited defrauded banks.
- Who
- Ratul Puri, Kamal Nath's nephew and industrialist
- What
- Ratul Puri was discharged in a bank fraud case.
- When
- May 24
- Where
- Delhi Court
- Why
- The court determined the case was a civil dispute, not criminal.
CBI's Allegations
Court's Findings
Nature of the Dispute
CBI's Allegations
Ratul Puri and others defrauded the banks.
Court's Findings
The court found no criminal intent and the dispute was civil in nature.
- Defendant
- Ratul Puri
- Case Type
- Bank Fraud
- Amount
- Rs 354-crore
- Court
- Rouse Avenue Court
- Judge
- Sanjeev Aggarwal
- Involved Company
- Moser Baer India Limited