Black money crackdown: ED raids Diamond Power Infrastructure in Rs 2600-cr scam case
Officials said the raids were being carried out at seven places in Vadodara district and the premises of the firm - Diamond Power Infrastructure Ltd (DPIL). The corporate office of the company in Gorwa area of the city, factories in Vadadala and Ranoli and residential premises of its executives in Nizampura and New Alkapuri were being raided, they said
The CBI had conducted raids in the case last week. The ED is probing if the alleged defaulted loans were laundered to create illegal assets and black money by the accused. Image source: Website