Three promoters of pvt company were held in a joint operation by CBI and ATS on Tuesday
Three promoters of the Vadodra-based Diamond Power Infrastructure Ltd (DPIL) were arrested on Tuesday for allegedly having defrauded 30 banks of nearly Rs 2,654 crore. The accused were arrested by Gujarat Anti Terrorist Squad (ATS) from Rajasthan in what was a joint operation conducted by the Central Bureau of Investigation (CBI).
The accused, SN Bhatnagar and his sons Amit and Sumit, were arrested from a hotel in Udaipur through a tip-off, on Tuesday night. The CBI team took them to Gandhinagar on Wednesday morning following which, their medical checkup was done at the Gandhinagar Civil Hospital. The three were later produced before the Special Judge of CBI Court in Mirzapur, Ahmedabad. The court remanded the accused in 10 days police custody; officials had seeked a remand of 14 days.
The CBI had filed a complaint against the accused two weeks ago but the latter managed to escape the the clutches of the CBI, Enforcement Directorate (ED) and Income Tax (I-T) sleuths, despite raids conducted at DPIL facilities in Vadodara.
The CBI had registered a complaint on the allegations that the Vadodara (Gujarat) based private company, through its founder, managing director (MD) and joint managing director, along with other unknown persons, including unknown bank officials, cheated 30 banks to the tune of Rs 2,654 crore by falsification of accounts, creation of false documents, forgery of records et cetera.
DPIL had fraudulently availed credit facilities from a consortium of eleven banks (public sector and private sector) and cheated them since 2008, with an outstanding amount of Rs 2,654 crore.
CASE STUDY
- The CBI had filed a complaint against the accused two weeks ago but the latter managed to escape the clutches of the CBI, Enforcement Directorate (ED) and Income Tax (I-T) sleuths.
- The CBI had registered a complaint on the allegations that the Vadodara-based private company defrauded 30 banks.
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 "Amit Bhatnagar, Sumit Bhatnagar and Suresh Bhatnagar")
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