ED raids Vadodara firm, executives in â¹2,650 cr bank fraud
The Enforcement Directorate on Monday conducted multiple searches in connection with a money laundering case against Vadodara-based Diamond Power Infrastructure, which allegedly cheated banks of â¹2,654 crore. The company's corporate office, factories and residential premises of executives were raided. The ED is probing if the defaulted loans were laundered to create black money and illegal assets.