Friday, April 16, 2021
Home Editor's picks Brother-in-law of Congress leader Kamal Nath converted nearly Rs. 242 crores to dollars using...

Brother-in-law of Congress leader Kamal Nath converted nearly Rs. 242 crores to dollars using bogus bills: Reports

The seized diary suggests that nearly Rs.242 crores were transferred to five 'shell' companies owned by Parasmal Lodha. A Kolkata-based company was also used for infusion of bogus capital to the tune of Rs.125 crores.

Diaries allegedly belonged to Deepak Puri, the chairman of Moser Baer group and brother-in-law of Madhya Pradesh Chief Minister Kamal Nath, which were seized during the Income Tax raids on Thursday has reportedly revealed that Moser Baer group had involved in converting Rs. 242 crore of money to dollars by raising bogus bills, reported News18.

According to reports, the Income-Tax (IT) Department had conducted raids on more than 50 locations connected to Kamal Nath, MP Chief Minister’s OSD, Ratul Puri (Kamal Nath’s nephew), Amira Group, and Moser Bayer. The IT Department had recovered a diary during these raids, which has revealed the money trail between shell companies to convert crores of rupees into dollars using bogus bills.

The seized diary suggests that nearly Rs.242 crores were transferred to five ‘shell’ companies owned by Parasmal Lodha. A Kolkata-based company was also used for infusion of bogus capital to the tune of Rs.125 crores. Reportedly, Moser Baer group also bought shares worth Rs.250 crores through shell companies from Mauritius. The diary also reveals that Deepak Puri had allegedly collected money from various sources to get it converted into dollars through issuing bogus bills.

On Thursday, the IT officials had carried out searches also underway in Bhopal, Indore, Goa and 35 locations in Delhi. More than 300 I-T officials had conducted the searches on individuals associated with Moser Baer group. The IT officials had recovered huge cash stuffed in suitcases from a person known as Prateek Joshi from Bhopal.

The Enforcement Directorate had on Thursday questioned businessman Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath in connection with the Rs 3600 crore AgustaWestland scam. On Friday, Ratul Puri was summoned for questioning a second time.

However, Ratul Puri had said that he was cooperating with the investigation and had nothing to do with defence deals. He also said that he had no business dealings with his relatives as he ran an independent business.

Earlier, the Enforcement Directorate had tracked down the money trail of kickbacks received by Christian Michel, the prime accused middleman in the AgustaWestland chopper scam, and it has led them to Moser Baer which is owned by Deepak Puri. It was reported that 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.

Christian Michel, the middleman in the AgustaWestland VVIP Chopper scam, who was extradited from Dubai, has been revealing his previous links and the connection from the time when this deal was in consideration has made some stunning revelations.

Defence Middleman Christian 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.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Derek O’Brien’s Clubhouse interaction exposes how TMC fears the prospect of loss in West Bengal: Three statements made and what they mean

Perhaps to fire-fight what Prashant Kishor said, Derek O'Brien appeared on Clubhouse for a short interaction with select 'liberals'.

Kumbh to be wrapped up by April 17: What this Niranjani Akhada Sadhu says is another reason Kumbh was nothing like Tablighi Jamaat

Ravindra Puri Maharaj of the Niranjani Akhada has stated that they have asked all Sadhus from other states to go back, keeping in view the pandemic concerns.

While Arvind Kejriwal’s ‘Corona App’ shows ample beds available for Covid-19 patients, hospitals deny

A number of tweets by users and a check by OpIndia has found that the 'real-time' data in the Delhi government's Corona App is far from reality.

Current and prospective students at Rutgers slam varsity for defending anti-Hindu historian Audrey Truschke. Here are 5 testimonials

Rutgers University had defended Audrey Truschke's vile anti-Hindu bigotry as 'academic freedom'.

James O’Keefe to sue as Twitter suspends accounts days after Project Veritas exposed CNN Technical Director making shocking claims on video

Twitter has suspended the accounts of Project Veritas and their founder James O'Keefe after they exposed CNN and their propaganda campaign

Exclusive: How Maharashtra wasted thousands of tonnes of pulses, in the middle of the pandemic, sent under PM Garib Kalyan Yojana

While the central govt gave their approval to the other states to utilise the left-over pulses, Maharashtra was left behind - Here is why

Recently Popular

AajTak to air public apology on 23rd April for sharing fake news on Sushant Singh Rajput, pay Rs 1 lac fine: Details

AajTak has been asked by the NBSA (News Broadcasting Standard Authority) to air a public apology for fake news on Sushant Singh Rajput

Missionaries converted over 1 lakh people amidst the pandemic, claims to have planted more churches than all the 25 years of their work in...

Missionaries claim they used the distress faced by poor people during the lockdown to convert them to Christianity and build more churches

Pakistan on the verge of civil war as it bans TLP for violent protests over the arrest of its leader and Muhammad cartoons in...

Pakistan Government has taken the decision to ban Tehreek-i-Labbaik Pakistan (TLP) for their violent protests in the country

TMC’s Mahua Moitra claims wishing Hindus on Hindu new year is ‘radicalisation’

While Moitra wanted to paint everyone who was celebrating the Hindu new year as 'radical', the hate for Hindus was actually more evident in her tweet.

CNN hoped for higher Covid-19 death toll, hyped pandemic deaths to improve ratings, technical director admits in Project Veritas leak

CNN Technical Director Charlie Chester went on five Tinder dates with a Project Veritas agent where he made the revelations.

Exclusive: How Maharashtra wasted thousands of tonnes of pulses, in the middle of the pandemic, sent under PM Garib Kalyan Yojana

While the central govt gave their approval to the other states to utilise the left-over pulses, Maharashtra was left behind - Here is why
- Advertisement -

 

Connect with us

254,077FansLike
529,380FollowersFollow
24,200SubscribersSubscribe