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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Ex-RG Kar principal Sandip Ghosh's medical registration cancelled
Kolkata (PTI): The West Bengal Medical Council (WBMC) on Thursday cancelled the registration of RG Kar Medical College and Hospital's former principal Sandip Ghosh, an official said.
Ghosh, who is in CBI custody, has been removed from the list of registered medical practitioners maintained by the WBMC, he said.
His licence was cancelled under various provisions of the Bengal Medical Act of 1914, the official said.
He is an orthopaedic surgeon and without the licence, he cannot practice.
Ghosh was arrested by the CBI on September 2 for his alleged involvement in the financial irregularities at the hospital amid the protests over the rape and murder of the on-duty trainee doctor. He was later accused of evidence tampering in the rape-murder case.
Aniket Mahato, one of the leading faces of the junior doctors who have been agitating over the death of their colleague, described it as a "victory".
"This is a victory for our deceased sister. The cancellation of Ghosh's medical registration should have been done the very next day of his arrest. We are happy that the West Bengal Medical Council has finally taken this step," he said.
The West Bengal Doctors' Forum (WBDF), however, described the decision to cancel Ghosh's medical licence as an "eyewash" and an "attempt to save him".
"Registration of Sandip Ghosh has been cancelled as per rules 25 a (2) of the Bengal Medical Act 1914. As per these rules, two-thirds of the council members must vote in favour of the decision to cancel the registration of any medical practitioner. In the case of Ghosh, no such meeting was conducted. Also, at present, a quorum is not possible due to the resignation of a few members and the death of one member. So this order is legally not tenable and just an eye wash," Dr Rajiv Pandey of the WBDF told PTI.
Claiming that the registrar of the council cancelled the licence on verbal communication of WBMC president Sudipta Roy, Pandey said it "was not acceptable".
Ghosh was appointed the principal of the RG Kar Medical College in February 2021. Amid the protests, he resigned from the post.
The notice regarding the cancellation of Ghosh's registration was sent to his Beliaghata and New Town residences.
