One more bank scam worth 3000 cr.

 

It seems to be a season of scams to frighten the common man of the country. Yesterday the CBI has registered a case against Diamond Power Infrastructure Limited (DPIL) and its directors for cheating the banks. The Gujarat based company is said to have amassed 2,654 crores from 11 banks. Interestingly the company has obtained these loans despite appearing on the defaulters' list of the RBI. The scam has not only affected the banking system, but also the shareholders of the company. Once the share of the company stood at 35/- and has now degraded to a meagre 7 Rs.