Articles tagged under: Amit Bhatnagar

CBI files charge-sheet against Bhatnagars in bank fraud case

July 13, 2018
CBI files charge-sheet against Bhatnagars in bank fraud case

Ahmedabad: The CBI today filed an over 19000 pages charge-sheet and related documents against over half a dozen accused in Rs 2654 crore bank loan defraud case by Vadodara-based Diamond Power Infrastructure Ltd. (DPIL) in a designated CBI court here. The probe agency in its charge-sheet has accused DPIL founder S N Bhatnagar and his two sons Amit Bhatnagar and Sumit Bhatnagar, MD and Joint MD of the electric equipment manufacturing company and former General Manager of Bank o...Read More

DPIL Rs 2654 crore bank defarud case: Gujarat HC grants bail to promoter Suresh Bhatnagar

June 15, 2018
DPIL Rs 2654 crore bank defarud case: Gujarat HC grants bail to promoter Suresh Bhatnagar

Ahmedabad: Gujarat High Court today granted bail to Suresh Bhatnagar, the promotoer of Vadodara based Diamond Power Infrastructure Limited (DPIL) in Rs 2654 bank defraud case. The single bench court of Justice J B Pardiwala granted him bail. Notably, the high court had on June 11 granted interim bail of 20 days to his son and MD of the company Amit Bhatnagar to arrange finance for the education of his daughter in the US. Suresh, Amit and his second son and JMD ...Read More

Thugs pose as ED officials, take away Amit Bhatnagar’s AUDI from Vadodara bungalow

May 06, 2018
Thugs pose as ED officials, take away Amit Bhatnagar’s AUDI from Vadodara bungalow

Vadodara: Two unidentified persons who are captured in CCTV camera posed as officials of Enforcement Directorate(ED) and drove away Rs 1.15 crore Audi A8 car of bank fraud accused Amit Bhatnagar who is under custody at present. The incident took place at Alkapuri based bungalow in Vadodara in Saturday afternoon, case for which has been filed in Laxmipura police station by Amit Bhatnagar's son Vedant. The thugs had told the guard of Bhatnagar's Sumadhur bungalow that they were from ED and want...Read More

DPIL Rs 2654 crores bank loan defraud case: Amit Bhatnagar sent in judicial custody

April 30, 2018
DPIL Rs 2654 crores bank loan defraud case: Amit Bhatnagar sent in judicial custody

Ahmedabad: After the completion of his extended remand, a special CBI court here today sent Managing Director of Vadodara based electric equipment manufacturing company Diamond Power Infrastructure Ltd (DPIL) Amit Bhatnagar to judicial custody (jail) in connection with Rs 2654 crore bank defraud case. Amit along with his father S N Bhatnagar, promoter of the company, and bother and Joint MD Sumit Bhatnagar were arrested from a hotel in Udaipur on April 17 and were produced i...Read More

DPIL bank loan defraud case: ED attaches property worth 1122 cores of accused trio

April 24, 2018
DPIL bank loan defraud case: ED attaches property worth 1122 cores of accused trio

Vododara: The Enforcement Directorate has attached property worth around Rs 1122 crores of the Vadodara based Promoter of Diamond Power Infrastructure Ltd (DPIL) S N Bhatnagar and his two sons and Managing Director and Joint MD of the company Amit and Sumit Bhatnagar in connection with the Rs 2654 crores bank loan defraud case. The ED which had earlier this month lodged a case under PMLA against the trio nabbed from hotel in Udaipur on April 17 and currently on CBI remand till ...Read More

DPIL bank defraud case: CBI gets remand of accused trio till April 27

April 18, 2018
DPIL bank defraud case: CBI gets remand of accused trio till April 27

Ahmedabad: A special CBI court here today allowed 9 days remand (till April 27) of the three accused of Rs 2654 crores bank loan defraud case; promoter of Vadodara based electric equipment manufacturing company Diamond Power Infrastructure Ltd (DPIL) Suresh Bhatnagar and his two director sons Amit and Sumit Bhatnagar who were arrested from Udaipur last night. CBI produced them in the spl CBI court in Ahmedabad seeking 14 days remand for further interrogation and investigation in...Read More

DPIL bank defraud case: CBI to produce accused trio in spl court in Gujarat today

April 18, 2018
DPIL bank defraud case: CBI to produce accused trio in spl court in Gujarat today

Ahmedabad/Vadodara/Gandhinagar: CBI will produce the three accused of Rs 2654 crores bank loan defraud case; promoter of Vadodara based electric equipment manufacturing company Diamond Power Infrastructure Ltd (DPIL) Suresh Bhatnagar and his two director sons Amit and Sumit Bhatnagar in a special court in Ahmedabad seeking remand for further interrogation in the sensational case. The trio was brought to Gujarat late last night after their arrest from Paras Mahal hotel in Ud...Read More

Bank fraud case accused Bhatnagars arrested from Udaipur

April 17, 2018
Bank fraud case accused Bhatnagars arrested from Udaipur

Vadodara: Rs 2,654 crore bank fraud case accused, Vadodara based Suresh Bhatnagar and his sons Amit and Sumit Bhatnagar are arrested from Udaipur in neighboring state Rajasthan. Bhatnagars are owners of Diamond Power and Infrastructure Ltd(DPIL). It is learnt that they are arrested in a joint operation of Central Bureau of Investigation(CBI) and Anti Terrorist Squad(ATS) Gujarat. Bhatnagars are likely to be taken to Delhi for investigation. They could also be taken to Gandhinagar based CBI h...Read More

3 day long IT raids against DPIL Promoter/Directors ends, Several incriminating documents, cash, jewellery, cars seized

April 13, 2018
3 day long IT raids against DPIL Promoter/Directors ends, Several incriminating documents, cash, jewellery, cars seized

Vadodara/Ahmedabad: The Income Tax department has after 3 day long raids on the residences and other properties of the promoter and 2 directors of Vadodara-based Diamond Power Infrastructure Ltd (DPIL), who have been accused of cheating a consortium of 11 banks and 8 other financial companies to the tune of Rs 2,654 crore, has reportedly seized various incriminating documents, luxury vehicles, cash worth around 5 lakhs, jewelry and other valuables worth over 44 lakhs and sealed over h...Read More

Anticipatory bail plea of Amit Bhatnagar,two others rejected in bank defraud case

April 10, 2018
Anticipatory bail plea of Amit Bhatnagar,two others rejected in bank defraud case

Ahmedabad: A special CBI court here today rejected the anticipatory bail plea of the promoter and directors of Vadodara-based Diamond Power Infrastructure Ltd (DPIL), which is accused of cheating a consortium of 11 banks and 8 other financial companies to the tune of Rs 2,654 crore. The designated court of judge N G Dave had after hearing reserved its order on the anticipatory bail pleas of Suresh Bhatnagar, the promoter of the firm and his two sons and directors of DPIL, Amit Bha...Read More

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