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Moser Baer Solar Limited

By Agamveer Singh , 22 June 2025
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Ratul Puri Cleared of Criminal Charges in Rs 1,101 Crore Banking Fraud Cases: Courts Cite Lack of Prima Facie Evidence

In a significant development, industrialist Ratul Puri has been discharged by courts in two high-profile banking fraud cases totalling Rs 1,101 crore involving Moser Baer Solar Limited and Moser Baer India Ltd. The Central Bureau of Investigation’s (CBI) chargesheets failed to convince the judiciary of any criminal intent, leading to dismissal of the charges at the stage of framing. Both cases, rooted in loan default allegations, were deemed civil disputes by the courts.

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