The directors of Diamond Power Infrastructure Limited (DPIL) were on Saturday arrested for not repaying a bank loan.

The directors of the Vadodara-based cable and electrical equipment maker who have been booked by the Central Bureau of Investigation include Managing Director Amit Bhatnagar, and Joint Managing Director Sumit Bhatnagar.

The Central Bureau of Investigation (CBI) had on Thursday registered a fraud case for Rs 2,654 crores against DPIL promoter SN Bhatnagar and his sons, Amit Bhatnagar and Sumit Bhatnagar.

Based on a grievance letter, the Prime Minister's Office (PMO) directed the Ministry of Finance, CBI, and Enforcement Directorate (ED) on March 6, to ascertain the facts in the case for prompt action.

The agencies probed the matter and the results of the investigation were promptly shared with various divisions of the Finance Ministry.

The Department of Financial Services, Central Board of Direct Taxes (CBDT), Ministry of Corporate Affairs, CBI, and the Enforcement Directorate worked as a joint team to ensure an optimal outcome.

The Finance Ministry also directed the banks for providing full details and the filing of the First Information Report (FIR).

DPIL and its directors have been charged by the CBI of fraudulently availing loans from 11 banks, and amassing a debt of Rs 2,654 crores as on June 29, 2016.&nbsp;

The company and its directors managed to get the term loans and credit facilities, in spite of the fact that they were already appearing on the defaulters list of the Reserve Bank of India (RBI) and Export Credit Guarantee Corporation (ECGC) caution list at the time of initial sanction of credit limits by a consortium of 11 public and private banks.

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The Central Bureau of Investigation had on Thursday registered a fraud case for Rs 2,654 crores against DPIL promoter SN Bhatnagar and his sons, Amit Bhatnagar and Sumit Bhatnagar

The directors of Diamond Power Infrastructure Limited (DPIL) were on Saturday arrested for not repaying a bank loan. The directors of the Vadodara-based cable and electrical equipment maker who have been booked by the Central Bureau of Investigation include Managing Director Amit Bhatnagar, and Joint Managing Director Sumit Bhatnagar. The Central Bureau of Investigation (CBI) had on Thursday registered a fraud case for Rs 2,654 crores against DPIL promoter SN Bhatnagar and his sons, Amit Bhatnagar and Sumit Bhatnagar. Based on a grievance letter, the Prime Minister's Office (PMO) directed the Ministry of Finance, CBI, and Enforcement Directorate (ED) on March 6, to ascertain the facts in the case for prompt action. The agencies probed the matter and the results of the investigation were promptly shared with various divisions of the Finance Ministry. The Department of Financial Services, Central Board of Direct Taxes (CBDT), Ministry of Corporate Affairs, CBI, and the Enforcement Directorate worked as a joint team to ensure an optimal outcome. The Finance Ministry also directed the banks for providing full details and the filing of the First Information Report (FIR). DPIL and its directors have been charged by the CBI of fraudulently availing loans from 11 banks, and amassing a debt of Rs 2,654 crores as on June 29, 2016. The company and its directors managed to get the term loans and credit facilities, in spite of the fact that they were already appearing on the defaulters list of the Reserve Bank of India (RBI) and Export Credit Guarantee Corporation (ECGC) caution list at the time of initial sanction of credit limits by a consortium of 11 public and private banks.

Diamond Power Infrastructure directors arrested for defrauding 11 banks of Rs 2,654 crore

<a href="http://www.wionews.com/india-news/salman-khan-gets-bail-in-blackbuck-poaching-case-128918">Blackbuck poaching case: Salman Khan released from jail after getting bail flies to Mumbai</a>

Actor Salman Khan was today granted bail by the Jodhpur Sessions Court in the 1998 blackbuck poaching case against him.

The actor, 52, was granted bail on a surety of Rs 50,000. He walked free today evening after spending two consecutive nights in the Jodhpur Central Jail. The actor looked relieved as he was whisked away in a car from the jail to the Jodhpur Airport.

<a href="http://www.wionews.com/sports/commonwealth-games-rahul-ragala-claims-indias-fourth-gold-medal-128947">Commonwealth Games: Rahul Ragala claims India's fourth gold medal</a>

Weightlifter Venkat Rahul Ragala claimed India's fourth gold medal at 21st Commonwealth Games in the 85 kg category.

With four gold medals, one silver medal and one bronze medal India stands at the fourth position of the medal table tally.

Rahul lifted a total of 338 kg weight, 151 kg in snatch and 187 kg in clean and jerk.

<a href="http://www.wionews.com/india-news/ipl-2018-gets-star-studded-opening-ceremony-varun-dhawan-prabhu-deva-raise-temperature-at-wankhade-128974">IPL 2018 gets star-studded opening ceremony, Varun Dhawan, Prabhu Deva raise </a><a href="http://www.wionews.com/india-news/ipl-2018-gets-star-studded-opening-ceremony-varun-dhawan-prabhu-deva-raise-temperature-at-wankhade-128974">temperature</a><a href="http://www.wionews.com/india-news/ipl-2018-gets-star-studded-opening-ceremony-varun-dhawan-prabhu-deva-raise-temperature-at-wankhade-128974"> at Wankhede</a>

The eleventh edition of the IPL 2018 is set to start with a blockbuster encounter between Mumbai and Chennai.

Before the match, the fans witnessed the star-studded opening ceremony of the tournament at the Wankhede Stadium.&nbsp;

Bollywood actor Varun Dhawan became the first performer at the grand opening ceremony.&nbsp;

&nbsp;The actor danced to the tunes of some of his most famous numbers.

After Varun, legend Prabhu Deva rocked the stage with his dance.&nbsp;

<a href="http://www.wionews.com/india-news/emergency-declared-at-igi-airport-in-delhi-128969">Emergency declared at IGI Airport in Delhi</a>

An emergency was declared at the Indira Gandhi International Airport in New Delhi on Saturday. It was announced after an Iranian plane made an emergency landing.

As per media reports, the landing was made due to engine failure.&nbsp;

Eight fire tenders rushed to the spot to douse the flames.

<a href="http://www.wionews.com/india-news/diamond-power-infrastructure-directors-arrested-for-not-paying-bank-loan-128964">Diamond Power Infrastructure directors arrested for defrauding 11 banks of Rs 2,654 crore</a>

The directors of Diamond Power Infrastructure Limited (DPIL) have been arrested for not repaying a bank loan.

The directors of the Vadodara-based cable and electrical equipment maker who have been booked by the Central Bureau of Investigation include Managing Director Amit Bhatnagar, and Joint Managing Director Sumit Bhatnagar.

The Central Bureau of Investigation (CBI) had on Thursday registered a fraud case for Rs 2,654 crores against DPIL promoter SN Bhatnagar and his sons, Amit Bhatnagar and Sumit Bhatnagar.

Blackbuck poaching case: Salman Khan released from jail after getting bail flies to Mumbai Actor Salman Khan was today granted bail by the Jodhpur Sessions Court in the 1998 blackbuck poaching case against him. The actor, 52, was granted bail on a surety of Rs 50,000. He walked free today evening after spending two consecutive nights in the Jodhpur Central Jail. The actor looked relieved as he was whisked away in a car from the jail to the Jodhpur Airport. Commonwealth Games: Rahul Ragala claims India's fourth gold medal Weightlifter Venkat Rahul Ragala claimed India's fourth gold medal at 21st Commonwealth Games in the 85 kg category. With four gold medals, one silver medal and one bronze medal India stands at the fourth position of the medal table tally. Rahul lifted a total of 338 kg weight, 151 kg in snatch and 187 kg in clean and jerk. IPL 2018 gets star-studded opening ceremony, Varun Dhawan, Prabhu Deva raise temperature at Wankhede The eleventh edition of the IPL 2018 is set to start with a blockbuster encounter between Mumbai and Chennai. Before the match, the fans witnessed the star-studded opening ceremony of the tournament at the Wankhede Stadium. Bollywood actor Varun Dhawan became the first performer at the grand opening ceremony. The actor danced to the tunes of some of his most famous numbers. After Varun, legend Prabhu Deva rocked the stage with his dance. Emergency declared at IGI Airport in Delhi An emergency was declared at the Indira Gandhi International Airport in New Delhi on Saturday. It was announced after an Iranian plane made an emergency landing. As per media reports, the landing was made due to engine failure. Eight fire tenders rushed to the spot to douse the flames. Diamond Power Infrastructure directors arrested for defrauding 11 banks of Rs 2,654 crore The directors of Diamond Power Infrastructure Limited (DPIL) have been arrested for not repaying a bank loan. The directors of the Vadodara-based cable and electrical equipment maker who have been booked by the Central Bureau of Investigation include Managing Director Amit Bhatnagar, and Joint Managing Director Sumit Bhatnagar. The Central Bureau of Investigation (CBI) had on Thursday registered a fraud case for Rs 2,654 crores against DPIL promoter SN Bhatnagar and his sons, Amit Bhatnagar and Sumit Bhatnagar.

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Diamond Power Infrastructure directors arrested for defrauding 11 banks of Rs 2,654 crore

News brief: Big stories of the day