In Loan Fraud Case, Assets Worth 1,122 Crore Of Gujarat Firm Attached
The Enforcement Directorate today said it has attached assets worth Rs. 1,122 crore, including wind mills and an under-construction hotel, of Vadodara-based DPIL Pvt Ltd in connection with its money laundering probe in a bank fraud case. Diamond Power Infrastructure Limited (DPIL) is accused of cheating various banks to the tune of Rs. 2,654 crore. The central probe agency had filed a criminal case against the firm and its promoters under the Prevention of Money Laundering Act (PMLA), after taking cognisance of a CBI FIR, and had searched its premises last month. “The assets…
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