Officials from the Central Excise Department on Monday arrested Amit Bhatnagar, managing director of BSE-listed Diamond Power Infrastructure on charges of alleged excise evasion. Officials of the Vadodara region of Directorate General of Central Excise Intelligence produced Bhatnagar in a Vadodara Court to seek his remand on Monday.
After being produced in the Lal Court in Vadodara by the Excise officials, Amit Bhatnagar was granted bail.