Home Editor's picks ED tracks Christian Michel's money trail, leads them straight to Kamal Nath's brother-in-law's company

ED tracks Christian Michel’s money trail, leads them straight to Kamal Nath’s brother-in-law’s company

Christian Michel, the middleman in the AgustaWestland VVIP Chopper scam, who was extradited from Dubai, has been spilling the beans and his correspondence from the time when this deal was in consideration has made some stunning revelations

The AgustaWestland chopper scam’s story has been unfolding at a fast pace. Michel had made some startling revelations about one ‘Mrs Gandhi’, ‘Italian Lady’s son, R’ and the inside information he could gather from sources like the PMO and the investigative agencies. Now it appears that there is a new entrant in the AgustaWestland scam. Reportedly, ED tracked down the money trail of kickbacks received by Christian Michel and it has led them to Moser Baer which is owned by Deepak Puri, who is close to senior Congress leader Kamal Nath.

According to CNN News 18, a part of the kickbacks was routed through Moser Baer which is owned by Deepak Puri. Deepak Puri is the brother-in-law of senior Congress leader Kamal Nath. Puri is married to Nita Puri , sister of Senior Congress Leader and Chief Minister of Madhya Pradesh Mr Kamal Nath and have one son Ratul Puri. Both Nita and Ratul are part of Moser Baer.

The Directors of Moser Baer are both Nita Puri and Deepak Puri, the sister and brother-in-law of Kamal Nath.

- Advertisement - - article resumes -

Directors of Moser Baer

In his 2014 election affidavit, Kamal Nath had declared that he held 6450 shares in Moser Baer of Rs 10 market value each.

In fact, in 2017, Moser Baer had shut its plan and laid off over 2000 employees, allegedly, without clearing their dues. A portal called ‘Ten News’ had spoken to the staff of the plan who had directly named Puri and Kamal Nath. One had alleged that Kamal Nath, during UPA 1 had favoured Deepak Puri and the company now going under is the result of that.

In fact, Moser Baer Solar Limited had incurred a huge debt most of it while Kamal Nath was the commerce minister. Among the creditors are Punjab National Bank (Rs 401.65 crore), State Bank of India (Rs 276.87 crore), Central Bank of India (Rs 117.08 crore), Union Bank of India (Rs 77.69 crore), Indian Overseas Bank (Rs 223.02 crore), Exim Bank (Rs 228.20 crore), Bank of Baroda (Rs 69.24 crore) and Oriental Bank of Commerce (Rs 849.94 crore).

In the financial year 2013, Moser Baer Solar had sought restructuring of Rs 956 crore of debt but the recast failed.

The Directors of Moser Baer Solar also included Deepak Puri, Kamal Nath’s brother in law and Nita Puri, Kamal Nath’s sister.

Directors of Moser Baer Solar

Michel was extradited to India on 4 December from United Arab Emirates (UAE). Recently it was also unearthed that, Christian Michel’s involvement was not only restricted to AgustaWestland scam. He had also lobbied against France-based Rafale in order to enable Eurofighter, its rival, to grab the MMRCA deal. On 5th January, the Patiala House Court had extended Michel’s judicial custody till February 26.

Christian Michel, the middleman in the AgustaWestland VVIP Chopper scam, who was extradited from Dubai, has been spilling the beans and his correspondence from the time when this deal was in consideration has made some stunning revelations. Earlier, it was reported how Michel had access to Cabinet Meetings, Cabinet Committee on Security meetings and the then PMO under Manmohan Singh. It has now emerged that he also had access to investigative agencies, reported Economic Times.

Help Us Reach Every Indian, Please Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Advertisement

Big Story

Taran Kaur Dhillon, more popularly known by her stage name Hard Kaur, appears to have fallen over the edge.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

Read OpIndia.com's response to the defamation notice served by Swati Chaturvedi

That you have lost readership and your peers doubt you, is not our problem: Read our response to Swati Chaturvedi’s defamation notice

Recently, OpIndia.com got a legal notice from abusive media troll Swati Chaturvedi. At the onset, we would like to reiterate that such intimidatory tactics won't work with OpIndia.

Rahul Gandhi finally arrives in Parliament, but stays true to form and goofs up while taking oath as MP

A Lok Sabha official stopped Rahul Gandhi and told him that he has to sign the register after taking oath

Pakistani Twitter erupts in self-deprecating humour as their cricket team stares at imminent defeat

India registered its 7th consecutive win against Pakistan in Cricket World Cup tournaments.
NDTV's takes journalism to new heights by asking Rahul Gandhi how did he like his samosa

Rahul Gandhi got conned by his own men: Report says ‘Big Data’ head Praveen Chakravarty billed Congress 24 crores and is now absconding

A day prior to election results, Rahul Gandhi had reportedly even contacted UPA allies and offered to accommodate them in the cabinet.

Even as 700 doctors resign, TMC leader Abu Taher Khan Chaudhury accused of threatening doctors with rape and murder

There are videos circulating on social media which purportedly show the Trinamool MP from Murshidabad, Abu Taher Khan threatening the doctors at the institution. The politician, however, has denied all allegations.

After threatening Jesus to choose between her and Rakhi Sawant, Tanushree Dutta questions Modi’s ‘Ram Rajya’

The Mumbai police have recently filed a B Summary report, giving a clean chit to Bollywood actor Nana Patekar, in connection with actor Tanushree Dutta sexual harassment case

Rapper Hard Kaur goes mental on social media: Blames RSS Chief for terror attacks, calls Yogi ‘OrangeRapeMan’

Taran Kaur Dhillon, more popularly known by her stage name Hard Kaur, appears to have fallen over the edge.

Here is what you missed when the India-Pakistan match was on

News you may have missed due to the India-Pakistan match yesterday
Gujarat: Past karma will haunt Congress in fascinating Rajya Sabha bypoll irony

Gujarat: Past karma will haunt Congress in fascinating Rajya Sabha bypoll irony

The bypolls for the 2 vacant Rajya Sabha seats from Gujarat are going to be held shortly. The Congress has moved the SC, but given the clear precedents, it is quite clear that they have no chance of winning in court.
Subscribe to Day's Top Stories
- Advertisment -

Latest articles

Connect with us

170,670FansLike
149,534FollowersFollow
69,792SubscribersSubscribe
Help Us Reach Every Indian, Please Share This Post