Sumit Bhatnagar

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Bank fraud: ED files chargesheet against Vadodara-based DPIL in Rs 2,600 cr money laundering case
Business

Bank fraud: ED files chargesheet against Vadodara-based DPIL in Rs 2,600 cr money laundering case

The ED said in a statement that it has filed the charge sheet or the prosecution complaint against the firm Diamond Power Infrastructure Ltd (DPIL) and 14 others, including its directors and executives before the special Prevention of Money Laundering Act (PMLA) court

Bank fraud: Three promoters of Diamond Power Infrastructure held in Rajasthan
Business

Bank fraud: Three promoters of Diamond Power Infrastructure held in Rajasthan

According to the CBI, the Diamond Power Infrastructure had fraudulently availed credit facilities from a consortium of 11 banks (both public and private) from 2008, leading to outstanding debt of Rs 2,654.40 crore as of 29 June, 2016