DPIL Rs 2654 crore bank defarud case: Gujarat HC grants bail to promoter Suresh Bhatnagar
June 15, 2018
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 of the company Sumit , the proprietors of DPIL were arrested on April 14 this year from a hotel in Udaipur in connection with case of alleged duping of a consortium of 11 banks to the tune of Rs 2,564 crore.
Notably, CBI has filed a case in this connection while ED and Income Tax were also doing investigations separately in the sensational case.
DeshGujarat
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