Vadodara: Seems like businessman Amit Bhatnagar's bad times are not going to end anytime soon, as, after the CBI (Central Bureau of Investigation) and Enforcement Directorate (ED), the Income Tax (IT)department too have now begun conducting raids at his house and offices. The CBI has been on Bhatnagar’s tail since March 5, which was followed by a raid on Monday by the ED. The IT sleuths have now begun raids at properties of Bhatnagar at five different locations on Tuesday.
Amit Bhatnagar had infamously cheated 11 banks to the tune of Rs2654.40 crores with the help of his brother Sumit Bhatnagar and his firm Diamond Power Infrastructure limited. Known to have close relations with several powerful political honchos and top cops, his high profile contacts are coming of little or no help to him as many have distanced themselves from him since these raids. Congress leader Jawahar Chavda have accused Bhatnagar of embezzling crores of rupees while organizing the SWITCH Global Expo in Vadodara last year.
Bhatnagar has now gone into hiding and has applied for advance bail in a CBI court, in case the law catches up with him. But this IT raid only added to the businessman’s misery now.