CBI books Vadodara firm for cheating banks of Rs 26 bn; raids premises


The CBI on Thursday said it had enlisted a criminal body of evidence against a Vadodara-based organization managing in electric link and gear, and its chiefs for supposedly bamboozling different banks to the tune of Rs 26.54 billion.

The focal test organization additionally propelled seeks at the official and private premises of the organization - Diamond Power Infrastructure Ltd. (DPIL), and its chiefs in Vadodara in Gujarat, a CBI representative saidThe CBI affirmed that DPIL, which makes electric links and gear, is advanced by S N Bhatnagar and his children Amit Bhatnagar and Sumit Bhatnagar, who are additionally the administrators of the firm…Read More

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