Five days after his anticipatory bail was rejected by the Punjab and Haryana High Court, Raghuraj Puri, father of Citibank fraud mastermind Shivraj Puri, joined investigation on Saturday.
According to the Gurgaon police, Senior Puri could provide crucial leads in the case.
During the course of investigation, the police claimed Shivraj was guided by his father and it was Raghuraj’s idea to forge a letter of Securities and Exchange Board of India (Sebi) to convince high networth customers of Citibank, where Shivraj worked as a relationship manager.
The police, however, said Raghuraj has not been arrested so far. “He has joined the investigation process and we are interrogating him. The next course of action would depend on what he reveals,” Gurgaon police commissioner SS Deswal said.
Investigators will question Raghuraj to track the money trail of R50 crore reportedly processed through his brokerage firm, Normans Martin.
Raghuraj Puri’s anticipatory bail was rejected by the high court on Monday after which the Gurgaon police constituted teams to arrest him.
Shivraj Puri, the main accused in the R400 crore fraud, was arrested on December 30.
The police later claimed that it was his parents who had masterminded the whole scam.
“The court order helped us crackdown on Raghuraj,” said a senior police officer. The court has granted interim bail to Deeksha Puri, Shivraj’s mother.
“Raghuraj Puri is the managing director of Normans Martin brokerage company which deals in foreign exchange. Being associated with the firm for so long, both Deeksha and Raghuraj had complete knowledge of the stock market.
Meanwhile, Shivraj was capable of influencing hi-profile customers,” said a senior police officer requesting anonymity.
In a letter submitted to a city court, the police claimed that Deeksha and Raghuraj Puri prompted their son to misuse his position and mint crores.