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Bank fraud: HC to hear in April ED's plea challenging Ratul Puri's bail

Bank fraud: HC to hear in April EDs plea challenging Ratul Puris bail

New Delhi: The Delhi High Court Monday said it will hear in April the Enforcement Directorate's plea challenging the bail granted to businessman Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in a money laundering case related to bank loan fraud.

Justice Rajnish Bhatnagar listed the matter for hearing On April 27.

When the plea came up for hearing, a junior counsel for ED sought a passover saying the Additional Solicitor General will be available for arguments post lunch.

However, senior advocate Rajiv Nayar and lawyer Vijay Aggarwal, representing Puri, said they will not be available post lunch after which the court listed the matter in April.

The Enforcement Directorate (ED) has challenged a trial court's December 13 last year order by which Puri was enlarged on bail on a personal bond of Rs 5 lakh with two sureties of like amount.

He was earlier granted bail in the AgustaWestland chopper deal case.

While granting bail in the bank fraud case, the trial court had directed him not to leave the country without its prior permission and to join the probe as and when called for.

He was also asked by the court not to influence the prosecution witnesses or tamper with the evidence in any manner.

The court had said, "Multiple raids have been conducted by different investigating agencies at the residential as well as the official premises of the investigating agency."

"In fact, the entire record of the accused company is in the custody of the official liquidator. Thus, the apprehension of the probe agency that the applicant would tamper with the evidence appears to be far-fetched," it had said.

The ED, in its plea before the high court, contended the trial court erred in holding that the agency's apprehension that Puri would tamper with the evidence appears to be far-fetched.

"The relevant records/documents are not available with the official liquidator and are in fact now accessible to the respondent (Puri) and vulnerable to tampering," it said and sought setting aside of the trial court's bail order.

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