Diamond Power case: CBI chargesheet on Rs 2,654-cr fraud lacks merit, says counsel
In a latest development in the Central Bureau of Investigation (CBI) probe against the promoters of Vadodara-based Diamond Power Infrastructure Ltd (DPIL) in an alleged fraud case, the charge-sheet filed by the investigative agency reportedly remained silent on the alleged fraud that was mentioned in its earlier First Information Report (FIR).
The counsel representing the Bhatnagar family or promoters in the case, Akshat Khare informed that the 42-page CBI charge-sheet that came out in public domain for the first time, doesn’t mention anything on the alleged Rs 2,654-crore fraud, but it only mentions unauthorised transactions of Rs 32 crore in the sister concerns or associate companies of DPIL.
