 "Ratul Puri granted bail in AgustaWestland money laundering case")
A Delhi court Monday granted bail to businessman Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in AgustaWestland money laundering case.
Special Judge Arvind Kumar granted bail to Puri on a personal bond of Rs 5 lakh and two sureties of like amount.
Puri will however remain in jail as he was also arrested in another case -- the one related to bank fraud.
In his bail plea, Puri had said that he was not required for further investigation and no purpose will be served by keeping him in custody.
The Enforcement Directorate had 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.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%