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Ratul Puri granted bail 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

Press Trust of India  |  New Delhi 

Ratul Puri held the post of chief executive director at Moser Baer till 2012
Puri had said that he was not required for further investigation and no purpose will be served by keeping him in custody.

A Delhi court Monday granted bail to businessman Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in AgustaWestland 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 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.

First Published: Mon, December 02 2019. 17:13 IST
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