ED attaches property worth Rs 1,122 cr of Vadodara-based DPIL firm
New Delhi, April 24 : The Enforcement Directorate (ED) on Tuesday attached property worth Rs 1,122 crore belonging to Vadodara-based DPIL firm in connection with a Rs 2,654.40 crore bank fraud case.
The ED has also attached some belongings of promoter-directors of the Diamond Power Infrastructure Pvt. Ltd. -- Suresh Narain Bhatnagar, his two sons Amit Suresh Bhatnagar and Sumit Suresh Bhatnagar under Prevention of Money Laundering Act (PMLA).
The DPIL, which deals in cables and other electrical equipment, is alleged to have availed credit facilities fraudulantly since 2008, leaving behind a total outstanding debt of Rs 2,654.40 crore as of June 29, 2016 sanctioned by a consortium of banks and private organisation.
The Central Bureau of Investigation (CBI), which is also probing corruption charges in the case, had on April 18 arrested the three from Udaipur in Rajasthan nearly 23 days after it filed an FIR against them.
The ED is probing financial irregularities under money laundering case it has filed based on the CBI FIR.
On April 9, the ED had also conducted raids at the corporate office, factory premises and the residences of the directors of DPIL.
The CBI had on March 26, filed a case against DPIL and its directors for defrauding the consortium of 11 banks. The loan availed by them was declared a non-performing asset (NPA) in 2016-17.
The company managed to get term loans and credit facilities though it figured in the Reserve Bank of India's list of defaulters and the caution list of Export Credit Guarantee Corp of India (ECGCI) at the time of initial sanction of credit limits by the consortium.
Bank of India, which tops the list with Rs 670.51 crore of loans, is followed by Bank of Baroda (Rs 348.99 crore), ICICI (Rs 279.46 crore), State Bank of India (Rs 266.37 crore), Axis Bank (Rs 255.32 crore), Allahabad Bank (Rs 227.96), Dena Bank (Rs 177.19 crore), Corporation Bank (109.12 crore), Exim Bank of India (Rs 81.92 crore), IOB (Rs 71.59 crore) and IFCI (58.53 crore).
The CBI FIR said DPIL, through its founder and directors associated in the criminal conspiracy with unidentified bank officials of various banks, cheated those banks by way of misappropriating public funds through falsification of accounts, creation of false documents, forgery of records and knowingly used such records as genuine.
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Delhi: Cab driver held for killing wife over infidelity suspicion, stuffed her body in bed box
New Delhi, Jan 6: A cab driver was arrested on Monday for allegedly killing his 24-year-old wife, over suspicions of infidelity, and concealing her body inside a bed box at their house in south west Delhi, police said.
Police said they received information on Friday regarding the murder of a woman. Upon reaching the spot a decomposed body of a woman, identified as Deepa, was found stuffed inside the bed box.
According to police, she was married the accused Dhanraj five years ago and the couple lived at their rented residence in Dwarka's Dabri area.
Following the murder, Deepa's father, Ashok Chauhan lodged a complaint alleging that his son-in-law killed his daughter, the police added.
They said multiple teams were formed to arrest the accused and based on a tip-off Dhanraj was arrested near Karnal bypass on Monday, a senior police officer said.
During interrogation the accused revealed that he had a suspicion that his wife had an affair with someone from her workplace, the officer said.
The officer said that Dhanraj confessed to the crime and further investigation is underway.
The couple's two-year-old child lives with Deepa's maternal uncle, he added.
