<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">The Enforcement Directorate (ED) today attached assets worth over 1,100 crore rupees of Vadodara-based Diamond Power Infrastructure Limited (DPIL) Private Limited in connection with its money laundering probe in a bank fraud case. The attachment includes the properties belonging to the owners of the company Suresh Bhatnagar and his sons.</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"></div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">DPIL is accused of cheating various banks to the tune of around 2,650 crores.</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"></div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">ED had filed a criminal case against the firm and its promoters under the Prevention of Money Laundering Act (PMLA), after taking cognisance of a CBI FIR, and had searched its premises last month.</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"></div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">ED said, the company, through its related entities, was able to gain funds fraudulently by twisting and manipulating the facility of Letter of Credit from the banks.</div>