Vadodara-based businessman Suresh Bhatnagar and his two sons, Amit and Sumit, who were arrested on Tuesday night in connection with Rs 2,654-crore bank fraud, had reportedly checked in as “Vermas” at a hotel in Udaipur, Rajasthan. The three, promoters of Diamond Power Infrastructure Limited (DPIL), had been evading arrest since March 26 when they were booked by the CBI for allegedly cheating a consortium of 11 banks “by falsification of accounts, creation of false documents, forgery of records etc”.
“The Bhatnagars had briefed the hotel staffs to inform them immediately if anyone comes asking for them. When the police team reached the hotel, the trio tried to escape but got caught,” officials of Gujarat Anti-Terrorism Squad said, adding that they were located through electronic surveillance. The CBI had earlier sought help from Gujarat ATS in locating the Bhatnagars who had gone into hiding after the special CBI court had rejected their anticipatory bail plea.
On Wednesday, the father-son trio were produced before the special court which remanded them to CBI custody till April 27. The CBI had sought 14 days of custody, arguing that the accused were absconding for the past 10 days and despite several notices they remained incognito following which non-bailable warrant was issued against them. The CBI has alleged that the company, fraudulently availed credit facilities from a consortium of 11 banks, since 2008, with an outstanding amount of Rs 2654.40 crore as on June 29, 2016.
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