<p class="title">The Enforcement Directorate Thursday opposed the bail application of businessman Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in a money laundering case related to a bank loan fraud.</p>.<p class="bodytext">The probe agency told special judge Arvind Kumar that if granted the relief, the accused may tamper with the evidence as the investigation was at an initial stage.</p>.<p class="bodytext">ED's special public prosecutor N K Matta told the court that there was a likelihood that the accused could escape if enlarged on bail.</p>.<p class="bodytext">The court will further hear the matter tomorrow.</p>.<p class="bodytext">It had on December 2 granted bail to Puri in the AgustaWestland money laundering case, while directing him not to "tamper with evidence" or "try to contact or influence the witnesses".</p>.<p class="bodytext">In the bank fraud case, the ED had last month filed a charge sheet against Puri and his company Moser Baer.</p>.<p class="bodytext">The ED had arrested Puri on August 20 and is currently in judicial custody in the case.</p>.<p class="bodytext">Puri was arrested under the Prevention of Money Laundering Act (PMLA) in the bank fraud case after he appeared before the central probe agency here in the chopper scam.</p>.<p class="bodytext">The latest PMLA case, filed by the ED, emerged from a CBI FIR of August 17, where Ratul Puri, his father Deepak Puri, mother Nita (Nath's sister) and others were booked in connection with a Rs 354 crore bank fraud case filed by the Central Bank of India.</p>.<p class="bodytext">The bank had claimed that the company and its directors forged and fabricated documents to induce the Central Bank of India to release funds.</p>.<p class="bodytext">The Puri family, other individuals like Sanjay Jain and Vineet Sharma were booked by the CBI for alleged criminal conspiracy, cheating, forgery and corruption.</p>.<p class="bodytext">Ratul Puri was booked in this case in his capacity as executive director of Moser Baer India Limited (MBIL), a firm promoted by his father Deepak Puri.</p>.<p class="bodytext">The company manufactured optical storage media like compact discs, DVDs, solid-state storage devices.</p>.<p class="bodytext">Ratul Puri is facing criminal investigation by three main central probe agencies, ED, CBI and the Income Tax department.</p>
<p class="title">The Enforcement Directorate Thursday opposed the bail application of businessman Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in a money laundering case related to a bank loan fraud.</p>.<p class="bodytext">The probe agency told special judge Arvind Kumar that if granted the relief, the accused may tamper with the evidence as the investigation was at an initial stage.</p>.<p class="bodytext">ED's special public prosecutor N K Matta told the court that there was a likelihood that the accused could escape if enlarged on bail.</p>.<p class="bodytext">The court will further hear the matter tomorrow.</p>.<p class="bodytext">It had on December 2 granted bail to Puri in the AgustaWestland money laundering case, while directing him not to "tamper with evidence" or "try to contact or influence the witnesses".</p>.<p class="bodytext">In the bank fraud case, the ED had last month filed a charge sheet against Puri and his company Moser Baer.</p>.<p class="bodytext">The ED had arrested Puri on August 20 and is currently in judicial custody in the case.</p>.<p class="bodytext">Puri was arrested under the Prevention of Money Laundering Act (PMLA) in the bank fraud case after he appeared before the central probe agency here in the chopper scam.</p>.<p class="bodytext">The latest PMLA case, filed by the ED, emerged from a CBI FIR of August 17, where Ratul Puri, his father Deepak Puri, mother Nita (Nath's sister) and others were booked in connection with a Rs 354 crore bank fraud case filed by the Central Bank of India.</p>.<p class="bodytext">The bank had claimed that the company and its directors forged and fabricated documents to induce the Central Bank of India to release funds.</p>.<p class="bodytext">The Puri family, other individuals like Sanjay Jain and Vineet Sharma were booked by the CBI for alleged criminal conspiracy, cheating, forgery and corruption.</p>.<p class="bodytext">Ratul Puri was booked in this case in his capacity as executive director of Moser Baer India Limited (MBIL), a firm promoted by his father Deepak Puri.</p>.<p class="bodytext">The company manufactured optical storage media like compact discs, DVDs, solid-state storage devices.</p>.<p class="bodytext">Ratul Puri is facing criminal investigation by three main central probe agencies, ED, CBI and the Income Tax department.</p>