Congress leader Ahmed Patel’s close aide and accused in Rs. 5,000 crore Sterling Biotech fraud case held in Dubai

Nitin Sandesara, an absconding director of a Gujarat based pharmaceutical company ‘Sterling Biotech’ and a close aide of Congress leader Ahmed Patel has been arrested by the Dubai police. As confirmed by an official to Economic Times, the legal process post the arrest is taking place in Dubai and the Indian agencies will try to get him deported.

Sandesera was arrested by the Dubai police based on a non-bailable arrest warrant issued by an Indian court. His company has been under the scanner as it had taken a loan worth Rs. 5,000 crores from a consortium of banks including Andhra Bank, but the loan has turned into a non-performing asset (NPA).

The Enforcement Directorate, which is investigating the matter, had written to the foreign ministry in March seeking revocation of passports of the fugitive businessmen Nitin and Chetan Sandesara, who fled the country with family members last year before the CBI could register a case against them. According to senior ED officials, the Sandesara group allegedly cheated several banks and its total outstanding against banks and investors may go beyond Rs 10,000 crore.

- Advertisement - - Article resumes -

Sandesara brothers first came under the radar of investigating agencies in 2011 after the income tax department searched their house in Vadodara and recovered a diary with details of payoffs to high profile politician (Congress Leader Ahmed Patel) and their relatives. Later, based on the diary entries, cases against three I-T officers at the level of commissioners and principal commissioners were registered.

As the Enforcement Directorate tightened its investigation, senior Congress leader Ahmed Patel’s association in this case resurfaced. Earlier this month, ED produced a man named Ranjit Malik, alias Jonny, before the duty magistrate of a Delhi court, who granted his custody to the agency for a day, for allegedly sending Rs 25 lakh cash to the official residence of a senior Congress leader, Ahmed Patel.

Earlier too, Sunil Yadav, employed by the Sandesara group, had alleged the involvement of senior Congress leader Ahmed Patel, his son, Faisal Patel, and his son-in-law, Irfan Siddiqui in the same, through his written statement to the directorate.

The ED had earlier arrested three persons, including Delhi-based businessman Gagan Dhawan, former director of Andhra Bank, Anup Garg and Sterling Biotech director, Rajbhushan Dixit in this case.

The arrest of the Nitin Sandesara is being seen as a key breakthrough in this case, as his arrest may lead the ED to further confirm the extent of involvement of the Congress leader and his associates in the fraud case.


Share This Post and Support:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Most read articles recently

AM Sheikh Dawood promised of offering 10 litres of free liquor monthly to the families in his constituency on his victory

Independent candidate from Tamil Nadu promises 10 litres of free liquor every month on winning elections

An independent candidate from Tamil Nadu has come up with a strange promise of offering 10 litres of free liquor every month to every family in his constituency

Nitin Gadkari at the receiving end: Is there a pattern?

Indian Express has a massive interview of Union Minister Nitin Gadkari in its March 23, 2019 edition.

Shunned by the BJP, jilted Shatrughan Sinha goes on a rampage against the party, rumoured to join Congress

Shatrughan Sinha was visibly irked and had a Twitter meltdown after the BJP declared Ravi Shankar Prasad's candidature from Patna Sahib constituency

Rahul Gandhi’s lucrative and seemingly clandestine means of income and his links to scam accused FTIL, Unitech

How does Rahul Gandhi earn to buy land and other properties? A mystery we try to unravel

NC Lok Sabha candidate Akbar Lone begins a rally with ‘Pakistan Zindabad’, says will abuse anyone who abuses Pakistan

Akbar Lone, NC Lok Sabha candidate for Baramulla, said that the country across is a Muslim country and abusing Pakistan would mean he is abusing himself
Owner of AAP propaganda blog agitated when Sushma Swaraj stands up for two underage Hindu girls

AAP propaganda site owner gets angry after India expresses concerns over atrocities against Hindus in Pakistan

Sushma Swaraj's move to seek details of the Incident had agitated quite a few people in Pakistan, including their Information and Broadcasting minister Ch Fawad Hussain, who saw it as an intervention in Pakistan's internal matters.

Where is the money? Rahul Gandhi’s promise is going to cost a whopping Rs 3.60 lakh crore a year, 13% of union budget

Minimum Income Guarantee Scheme of Congress party ensures monthly income of Rs 12,000 for 20% of India's population
'Rahul Gandhi is running away from Amethi, not me': Smriti Irani on rumours BJP might field her from Wayanad

‘Rahul Gandhi is running away from Amethi, not me’: Smriti Irani on rumours BJP might field her from Wayanad

Smriti Irani rubbishes rumours that have surfaced about BJP thinking about fielding Smriti Irani from the Wayanad constituency too, to counter Rahul Gandhi. 

Actor R Madhavan offers support to PM Modi to urge voters to cast votes in elections, gets trolled by ‘liberals’

Because of their sheer bitterness for Modi, these cynics are in no mood to spare anyone who comes out in support of Modi
Sapna Chaudhary denies rumours of her joining Congress

Embarrassment for Congress: Sapna Chowdhury says she never joined Congress, picture with Priyanka Gandhi old

Denying rumours, Sapna Chaudhary said that the photos in circulation on Internet were old

Latest articles

Connect with us

149,143FansLike
120,708FollowersFollow
31,500SubscribersSubscribe

Don't miss these


Share This Post and Support: