CBI carries out searches at Kamal Nath's nephew Ratul Puri's residence in ₹787 crore bank fraud case

The CBI on Friday carried out searches at seven locations, including official and residential premises of businessman Ratul Puri, his father and others, in connection with a case of Rs 787 crore alleged bank fraud involving their company Moser Baer Solar Ltd, officials said.

The searches, which started in the morning, are still continuing, they said.

Ratul Puri is the nephew of former Madhya Pradesh chief minister Kamal Nath.

The case registered by the Central Bureau of Investigation (CBI) on Thursday pertains to Rs 787 crore alleged loss incurred by the Punjab National Bank (PNB) in the credit facilities given to the company, they said.

The search teams of the agency are wearing personal protective equipment (PPE) kits for conducting the operation as a precautionary measure in the light of COVID-19.

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