With bank scams pestering the government, Gujarat based enforcement officials have gone ahead and arrested Vadodara-based businessman Suresh N Bhatnagar and his two sons, Amit and Sumit Bhatnagar.
The trio is said to have been evading arrest for more than a week.
The arrest came about for allegedly defrauding a consortium of 11 banks to the tune of Rs 2,654 crore.
Officials said that the arrest was made from a hotel in Udaipur.
Joint teams of Gujarat Anti-Terrorism Squad and CBI made the arrest.
This comes after a special CBI court had issued non-bailable warrant against them.
The CBI had lodged an FIR on March 26, alleging that Bhatnagars, who run Diamond Power Infrastructure Limited (DPIL), defrauded a consortium of public and private sector banks.
The trio have an outstanding debt of Rs 2,654.40 crore as on June 29, 2016.>