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Ratul Puri spent $1.1m in a single night at US nightclub: ED

1 million in a single night at a US nightclub, says the chargesheet filed by Enforcement Directorate (ED) in a money laundering case. “The verification of the transactions was done and it was seen that the same was utilised for lavish stays in various hotels in India and abroad and $11,43,980 was spent in a single night at a night club called Provocateur,” says the ED chargesheet. The chargesheet estimates the extent of money allegedly laundered by Puri to be close to Rs 8,000 crore, higher than the amount initially stated. “Over the years, MBIL has invested an amount of Rs 800,20,96,683 in its subsidiaries and associate companies,” says the 110-page chargesheet filed in a Delhi court on Thursday. Moser Baer and its directors and promoters have been accused of misusing and misappropriating money released by banks and other financial institutions to the company for business purposes.

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