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Madhya Pradesh Chief Minister nephew Ratul Puri arrested in bank fraud case: Congress claims move ‘politically motivated’

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[vc_row][vc_column][vc_column_text]Madhya Pradesh Chief Minister Kamal Nath’s nephew Ratul Puri, the former Executive Director of Moser Baer India Limited (MBIL), was arrested on Tuesday (August 20) by the Enforcement Directorate in connection with a Rs 354-crore bank fraud case filed by Central Bank of India, an agency official said.

The Chief Minister came out defending his nephew saying that the action against his relative was mala fide. He also said that he has full faith in the country’s judiciary and exuded confidence that Puri will come out clean. 

“I have no connection with the business they are doing. To me, it appears to be a purely mala fide action. I have full faith that courts will take a corrective stand in this,” he said.

Several Congress leaders have also come out in support of Puri, terming the arrest as “politically motivated”.

Also Read: Delhi High Court issues notice to Centre on Shah Faesal’s detention

Three days prior to the arrest, the Central Bureau of Investigation (CBI) registered a case against Puri, his company, his father and Managing Director Deepak Puri, Directors Nita Puri (Ratul’s mother and Kamal Nath’s sister), Sanjay Jain and Vineet Sharma for alleged criminal conspiracy, cheating, forgery and corruption. 

The case has been registered based on a complaint from Central Bank of India. In its complaint to CBI, the bank alleged that the company was taking loans from various banks since 2009 and went for debt restructuring a number of times.  When it was unable to pay the debt, a forensic audit was done and the account was declared as “fraud” by the Central Bank of India on April 20, 2019, the bank alleged.

“The MBIL has committed fraud and cheated the complainant bank thereby making a wrongful gain to themselves and a wrongful loss to the lender bank which is a custodian of public money,” the complaint to the CBI said.

The CBI on Sunday (August 18) had also carried out searches at six locations, including the residences and offices of the accused directors.

The Moser Baer Company manufactures optical storage media like compact discs, DVDs and solid state storage devices. According to the bank statement, Puri had resigned from the post of Executive Director in 2012, while his parents continued to be on the board.

Meanwhile, the Moser Baer released a statement terming the arrest as unfortunate.  “The arrest by ED is unfortunate, the company has operated in accordance with all legal compliances and the case now, when Moser Baer is in NCLT (National Company Law Tribunal), is motivated,” the statement read.

Also Read: INX Media case: Chidambaram denied protection from arrest by HC, may move Supreme Court

The ED summoned Puri on Monday (August 19) in connection with the high-profile AgustaWestland VVIP choppers corruption case where he’s facing a non-bailable warrant. He’s currently on bail as interim protection from arrest was granted to him by the Delhi High Court on August 14. 

However, Puri was arrested under the Prevention of Money Laundering Act (PMLA) case  that emerged from the CBI FIR even before the court’s hearing in Agusta case. He will be presented before a court in Delhi where the agency will seek his custody to interrogate him in connection with the loan fraud case.[/vc_column_text][/vc_column][/vc_row]

India News

Nagpur violence: Aaditya Thackeray says BJP wants to make Maharashtra next Manipur

BJP MLA Pravin Datke also visited the affected neighbourhoods, emphasizing the premeditated nature of the violence, and noting targeted attacks on specific shops and stalls.

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Shiv Sena (UBT) leader Aaditya Thackeray on Tuesday lashed out at the BJP government in Maharashtra, led by Chief Minister Devendra Fadnavis, for its handling of recent violent incidents in Nagpur. Thackeray drew a troubling parallel between Maharashtra and the violence-stricken state of Manipur, suggesting that the state is on a similar path.

In a press conference, Thackeray questioned the Chief Minister’s Office (CMO) regarding its lack of response to spreading rumours of impending violence. “Why did the CMO not react when reports of unrest started circulating? The Chief Minister and the Home Department should be the first to know about such threats. Did they have no information? It seems like the BJP is intent on turning Maharashtra into the next Manipur,” he contended.

He also took the opportunity to discuss economic progress, comparing India unfavourably to Vietnam, which, despite being smaller and less populous, has a thriving electronics sector. Thackeray lamented the ongoing violence in Manipur since 2023, questioning the prospects for investment and tourism under such conditions.

“While violence persists in Manipur, Maharashtra risks experiencing a similar fate. We must consider the progress countries like Vietnam have made, showcasing what we could achieve if we were not mired in conflict. The BJP seems bent on dividing our nation along lines of caste and religion,” he remarked.

The violence in Nagpur, which has led to curfews and increased tensions, was characterized by Chief Minister Fadnavis as “a well-planned attack.” He attributed the unrest to protests by the Vishwa Hindu Parishad (VHP) and Bajrang Dal, which were sparked by rumours of the desecration of religious items. “No one has the right to disrupt law and order,” he declared.

Fadnavis reported several injuries among police officers, including a Deputy Commissioner of Police attacked with an axe. Prohibitory orders were enacted in 11 police stations, and multiple FIRs were recorded in response to the incidents. “We will not tolerate attacks on law enforcement officials,” he stated firmly.

As tensions continued to escalate, the Maharashtra assembly witnessed protests from opposition leaders, demanding action regarding Aurangzeb’s tomb, which they see as a catalyst for recent violence. Both sides exchanged heated accusations, with the ruling alliance branding individuals who glorify Aurangzeb as “traitors.”

BJP MLA Pravin Datke also visited the affected neighbourhoods, emphasizing the premeditated nature of the violence, and noting targeted attacks on specific shops and stalls.

In light of the unrest, a curfew has been implemented in various parts of Nagpur under the authority of the Bhartiya Nagarik Suraksha Sanhita, aimed at restoring order amidst the rising tensions. This curfew will remain enforced until further notice, affecting numerous police station jurisdictions across the city.

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Rahul Gandhi hails Revanth Reddy govt after Telangana Assembly passes bills to increase OBC reservation to 42%

The Assembly also passed the Telangana Scheduled Castes (Rationalisation of Reservations) Bill, 2025, which seeks to categorize Dalits into three groups for reservations in education and employment.

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Leader of Opposition in Lok Sabha Rahul Gandhi on Tuesday hailed the Revanth Reddy government after the Telangana Assembly passed two bills to increase reservations for Other Backward Classes (OBCs) to 42%. He described the move as “revolutionary” and reiterated the Congress party’s commitment to conducting a nationwide caste census to ensure social justice.

In a post on X, Gandhi stated, “The Congress government has fulfilled its promise of increasing OBC reservations in Telangana. By accepting the actual number of OBCs through a scientific caste count, the state has passed a bill for 42% reservation to ensure their equal participation in education, employment, and politics. This is a revolutionary step towards social justice, breaking the 50% reservation cap in the state.”

He emphasized the importance of a caste census, saying, “By analyzing the social and economic conditions of each community using caste survey data, policies can be formulated to ensure the well-being of all. The Telangana government has also formed an independent expert group for this purpose. I have consistently maintained that only through an X-ray—i.e., a caste census—can backwards and deprived communities secure their rightful due.”

Gandhi asserted that Telangana has set an example for the entire country. “Caste census will definitely happen in India, and we will ensure it,” he declared.

Congress Rajya Sabha MP Pramod Tiwari also praised the move, stating, “Telangana has a very intellectual Chief Minister. We fully support the steps being taken in this direction.”

The Telangana Assembly on Monday passed two bills—the Telangana Backward Classes (Reservation of Seats in Rural and Urban Local Bodies) Bill, 2025, and the Telangana Backward Classes, Scheduled Castes, and Scheduled Tribes (Reservation of Seats in Educational Institutions and of Appointments or Posts in Services under the State) Bill, 2025. These bills aim to increase OBC reservations in education, employment, and local bodies to 42%, fulfilling a key campaign promise based on the recently concluded caste survey.

The Assembly also passed the Telangana Scheduled Castes (Rationalisation of Reservations) Bill, 2025, which seeks to categorize Dalits into three groups for reservations in education and employment.

Chief Minister Revanth Reddy hailed the move as historic, stating, “It is my honour to announce the fulfilment of the long-pending demand of subaltern groups since Indian Independence—the recognition of backward castes through an official census. We are now ensuring 42% reservations for OBCs in all walks of life—education, jobs, and political representation.”

Currently, Telangana’s reservation matrix allocates 29% for OBCs in education and employment, 23% in local bodies, and 15%, 6%, and 10% for Scheduled Castes, Scheduled Tribes, and Economically Backward Classes, respectively.

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Education

IIT JAM 2025 results declared, admissions to begin from March 26

IIT Delhi has declared the IIT JAM 2025 results. Qualified candidates can download their scorecards from March 24 to July 31. Admissions begin on March 26.

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IIT JAM 2025, IIT Delhi, IIT JAM results, M.Sc. admissions, IIT JAM scorecard, IIT JAM seat allocation, JAM 2025 result link, IIT admissions

The Indian Institute of Technology (IIT) Delhi has announced the results of the Joint Admissions Test for M.Sc. (JAM) 2025 on March 18. Candidates who appeared for the exam can check their scorecards by visiting the official website jam2025.iitd.ac.in.

To access their results, students must use their enrollment ID, email ID, and password, followed by solving a Captcha code. According to the official notice, qualified candidates can download their scorecards between March 24 and July 31. The scorecard will also display the All India Rank (AIR) of each candidate.

Steps to check IIT JAM 2025 results

Visit the IIT JAM 2025 official website

Click on the ‘JAM 2025 result declared’ link

Open the JOAPS portal

Enter Enrollment ID / Email ID and password

Solve the arithmetic expression and enter the result

Click on ‘Submit’

View and download the scorecard

Admission process and important dates

The admission process for IIT JAM 2025 will begin on March 26, 2025, through the JOAPS portal. Candidates can submit their applications until April 9, 2025.

The list of candidates in the invalid category will be published on May 8, 2025.

The first admission list will be released on May 26, 2025, and selected candidates must pay the seat booking fee by May 30.

The withdrawal option will be available from June 7 to July 7, 2025.

A maximum of four admission rounds will be conducted to fill the available seats.

IIT JAM 2025: Exam overview and seat availability

IIT JAM scores are used for admission to various postgraduate programs, including: M.Sc, M.Sc. (Tech), M.S. (Research), M.Sc.-M.Tech. Dual Degree, Joint M.Sc.-Ph.D, M.Sc.-Ph.D. Dual Degree

Over 2,000 seats will be allotted based on JAM 2025 scores. The examination was conducted across 100 cities in India and covered seven specializations including Biotechnology, Chemistry, Economics, Geology, Mathematics, Mathematical Statistics and Physics.

A merit list will be prepared for each test paper, depending on the available seats in each category.

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