CBI arrests promoters of Diamond Power over â¹2,650 cr fraud
The CBI has arrested three promoters of Vadodara-based Diamond Power Infrastructure accused of allegedly defrauding 11 banks to the tune of â¹2,654 crore. They were arrested from a hotel in Udaipur on Tuesday night in a joint operation by Gujarat Anti-Terrorism Squad and CBI. The company allegedly got their credit facilities enhanced conspiring with officials from various banks.