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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Class 12 girl student gang-raped inside moving car in Rajasthan's Bikaner
Jaipur (PTI): A Class 12 girl student was allegedly kidnapped and gang-raped inside a moving car in Rajasthan's Bikaner district, police said on Monday.
The incident occurred on January 6 in the Napasar area, but a case was registered only on January 11 following a complaint by the girl's family, they said.
According to the complaint, the girl had left home for school on the morning of January 6. Two youngsters intercepted her and abducted in a car and drove away.
The accused allegedly drove around for several hours, threatening and raping the girl turn by turn inside the moving vehicle, they said in the complaint.
Later, when the car entered a neighbouring village, locals grew suspicious and stopped the vehicle.
After forcing the girl out of the car, the accused fled from the spot. Villagers informed the girl's family, who reached the spot and took her home, police said.
A case has been registered at Napasar police station under relevant sections of the Bharatiya Nyaya Sanhita, Circle Officer Gangashahar Himanshu Sharma told PTI.
He said that the girl is aged above 18 years while the age of the accused is not clear.
"No arrests have been made so far," he said, adding that the matter was under investigation.
