Friday, April 10, 2020
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.

Also Read

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

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.

- article continues after ad - - article resumes -

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 OpIndia -
Support OpIndia by making a monetary contribution

Trending now

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

Latest News

Mumbai lockdown: Speeding biker drags on-duty policeman posted at a checkpoint, one Sheikh Naeem arrested

Despite the police team's order, Naeem suddenly increased his speed further and tried to ride away. Assistant Inspector Vijendra Dhurat managed to grab a hold of the bike’s rear handle and was dragged for over 25 feet.

Madhubani: To protect Suleiman and others, accused of murdering a Hindu woman, village head Fakre Alam tries to get autopsy report changed

Madhubani: Surendra Mandal, the son of deceased Kaili Devi revealed how the accused were being protected by the village Sarpanch (head) Fakre Alam and local RJD MLA Fayaz Ahmed.

Prayagraj: Police book university professor Mohammad Shahid for concealing information about attending Tablighi Jamaat event in Delhi

The varsity administration may also initiate action under against Prof Shahid for not following the health protocol and risking lives

Bhagalpur, Bihar: Muslim youth pelt stones and open fire at Police after being asked to go home on Shab-e-Barat

Stones were pelted at the Police at Bhagalpur in Bihar when they attempted to prevent Muslims from gathering in large numbers on the occasion of Shab-e-Barat in the wake of the Wuhan Coronavirus pandemic.

Hindpiri, Ranchi: Sanitation workers refuse to disinfect the area after residents spit at them, throw spit-ridden 10 rupees notes at them

Residents of Hindpiri spit on sanitation workers trying to disinfect area after numerous cases of the Wuhan Coronavirus was reported there.

Javed, Nadeem, Isaq and Azad arrested for attack on ASHA workers and police personnel in Panchkula, Haryana: Read details

Police have arrested four youths in Panchkula, Haryana for attack a team of ASHA and Anganwadi workers who were conducting a survey in the colony

Recently Popular

Did you know that the Prime Minister’s National Relief Fund had the President of Congress party in its managing committee

After PM Modi launched PM CARES Fund, a lot has been discussed about similarities and differences between PM CARES Fund and PMNRF

As India fights Wuhan Coronavirus, here is a list of prominent Hindu Temples and religious leaders helping India through donations and welfare

In the wake of the Coronavirus crisis, numerous Hindu temples have come forward to contribute generously, both in terms of food and welfare, to help the country.

Tablighi Jamaat had planned a ‘fidayeen’ attack on India by spreading the deadly coronavirus: UP Shia Waqf Board chief Waseem Rizvi

Rizvi also said that there is a distinct possibility of radical Islamist Zakir Naik being involved in Tablighi Jamaat conspiracy to spread coronavirus in the country.

Yes, Nandita Das, there are two Indias that exist – one where the labourers live and the other, from where your father was evicted

About how the Coronavirus lockdown has impacted migrant labourers, Nandita Das said that there exists two Indias

Islamists attack Delhi CM Arvind Kejriwal after he asks them to stay at home on Shab-e-Baraat

AAP Supremo took to social media to request Muslims to stay at home for Shab-e-Baraat, which is being celebrated on the intervening night of 8th and 9th April.

Subscribe to our newsletter

Each morning, get an email to keep updated with all the news, opinions and analysis published by OpIndia.

Connect with us

218,267FansLike
278,208FollowersFollow
215,000SubscribersSubscribe
Advertisements