Income tax department seized Ratul Puri and father’s bungalow The bungalow is located on APJ Abdul Kalam Road in Lutyens’ Delhi zone and the property is registered under the name Ram Advisors Private Limited, a company of Moser Baer Group.
The Income Tax Department on Sunday said it seized an Rs 300-crore bungalow in Delhi and $ 40 million from a company based in Mauritius in connection with its probe against businessman Ratan Puri and his father, nephew of Madhya Pradesh Chief Minister Kamal Nath. have done
The department said that a temporary order was issued against Puri under section 24 (3) of the Benami Property Transactions Prohibition Act, 1988. This law was not implemented and the Modi government implemented it from November 2016. The Income Tax Department seized Puri. Shares of ‘Anonymous’ stood at Rs 254 crore last month. He is said to have received money from cell companies from a suspect in the AgustaWestland VVIP chopper case.
The Enforcement Directorate is also investigating Puri, chairman of Hindustan Power Projects Private (HPP) Ltd, in the Rs 3600-crore VVIP chopper investigation case and the central agency recently issued a non-bailable warrant against him from the local court.
The bungalow is located on APJ Abdul Kalam Road (earlier Aurangzeb Road) in the Lutyens Delhi zone and the property is registered in the name of Rama Advisors Private Limited, a company of Moser Baer Group. Optical storage company owner and promoter Ratul Puri’s father is Deepak Puri.
Deepak Puri’s wife Neeta is the sister of Kamal Nath. The department said that in 2002, on a long-term basis for the purpose of software development, APJ purchased real estate located on Abdul Kalam Road for $ 3 million of FDI using British foreign island-based shell company Bronson Financial Inc. went.