Udaipur : In a late night operation, jointly held by the CBI and the Gujarat Anti-Terrorist Squad, three promoters of the Vadodara based Diamond Power Infrastructure Ltd who are accused of defrauding a consortium of 11 banks of a sum of 2654 crore rupees were arrested on Tuesday from a hotel at Paras Tiraha in Udaipur on Tuesday.
The team arrested Suresh Bhatnagar and his sons Amit and Sumit who were hiding here. Their company manufatures electric cables and equipments. The CBI had filed the complain a fortnight back and various investigation agencies had conducted raids in the company premises, however, the Bhatnagar trio had absconded. On Tuesday, the CBI had approached a special court at Ahmedabad and asked to declare the promoters absconders. However, they got a tip off the father and sons hiding in a Udaipur hotel. The agencies swung into action and arrived Udaipur,however, their operation had been so secret that the local authorities didnt have a hint of the raid. According to the authorities, DPIL had fraudulently availed credit facilities from public and private banks from 2008 onwards leading to an outstanding of 2654.40 crores in June 2016.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
