Vadodara firm defrauds 11 banks of over â¹2,650 crore
The CBI has registered a case against Vadodara-based Diamond Power Infrastructure, its founder and directors for defrauding 11 banks to the tune of â¹2,654 crore. It allegedly obtained enhancement in credit facilities with the active connivance of officials from various banks. Notably, the company managed to get the loans despite being named in RBI's Defaulters List.