New Delhi, Aug 16: Nitin Sandesara, an absconding director of a Gujarat-based pharma company which is being probed in a Rs 5,000 crore fraud case, has been arrested in Dubai, officials said.

Officials said Sandesara was arrested by Dubai police based on a non-bailable arrest warrant issued by an Indian court.
"The legal process post the arrest is taking place in Dubai. We are waiting for details. Indian agencies will try to get him deported," a senior official said.
Reportedly, Indian probe agencies had information on Nitin Sandesara being in Dubai, following which the authorities alerted the officials in the United Arab Emirates.
The company and its directors are being probed. CBI has booked Vadodara-based Sterling Biotech, its directors Chetan Jayantilal Sandesara, Dipti Chetan Sandesara, Rajbhushan Omprakash Dixit, Nitin Jayantilal Sandesara and Vilas Joshi, chartered accountant Hemant Hathi, former director Andhra Bank Anup Garg and some unidentified persons in connection with the alleged bank fraud case.
It is alleged that the company took loans of over Rs 5,000 crore from a consortium led by Andhra Bank which had turned into non-performing assets.
As per the FIR, the total pending dues of the group of companies were Rs 5,383 crore as on 31 December 2016. The ED has taken the First Information Report (FIR) into cognisance.
The Enforcement Directorate has arrested few people in this case including Delhi-based businessman Gagan Dhawan, former Andhra Bank director Anup Garg and Sterling Biotech Ltd director Rajbhhushan Dixit.
Multiple prosecution complaints or charge sheets have also been filed by it before a special court here.
It had also attached assets worth over Rs 4,700 crore of the pharmaceutical firm in June this year.
Comments
Let's not target particular state/ppl for such work. But definitely without the blessings of Government nothing can be looted. Government must be held responsible in future in such incidents happen.
Finding an honest gujju is like finding a virgin porn star
Is it just a co-incidence that since Modi and Shah came to power only Gujaratis are looting the country?
This is not first time - gujrat/ gyjratis are mother of all scams: Hardsad Meta, Bharat Shah , Ketan Parekh to name a few , remember gentlemen this fraudsterâ s was being investigated since 2011 and he is close to chidu , vadra ! Moreover Ambanis are also product of 80s, not came up on the indian map of industry in 4-5 years
So check the fact and then blame to others
Modi follower in looting.
This is why people say gujjus and marwari will do anything to get maximum profit.
Let Modi now talk of Honest tax payes from Gujerat who will get Punya...His own are stealing in front of his eyes
How come , now a days all frauds are from Gujarat?
Why all the natorious cheaters, looters, dacoits of public funds are having Gujarati background. Perhaps it is their culture. Nation needs to be aware of these people.
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