Sterling Biotech fraud case: Rift between probe agencies, banks wide open; company promoters tried to stall SEBI investigation
In 2007, Sterling Biotech and SIEL were under the lens of SEBI in connection with the dealings in the shares for the period from 18 August 2005 to 27 September 2005.
The absconding promoters of the Sterling group—Nitin and Chetan Sandesara—are alleged to have defrauded over Rs 14,500 crore of public money
Dino Morea and DJ Aqeel will be questioned about the circumstances of payments made out of the proceeds of crimes identified in the case
ICICI Bank-Videocon loan case: ED to widen probe into money laundering; Chanda Kochhar to be grilled again
Kochhar will soon depose before the agency as she has recently sought more time from the agency owing to some health issues and personal commitments, they said.
Sterling Biotech: NCLT reserves order on bankruptcy withdrawal as Madison Pacific Trust challenges bankers' plea
The NCLT asked the RP to explain on why he did not approach the bench after the proposal was rejected with 89 percent vote at the first meeting of the committee of creditors led by Andhra Bank.
Sterling Biotech Rs 8,100 cr bank fraud: ED claims Sandesara family misused public money to splurge on luxury watches, diamond jewellery, liquor
Sandesara brothers, Nitin, Chetan and his wife Dipti, are suspected to be hiding in Tirana, national capital of Albania
The four promoters of Sterling Biotech--Nitin Sandesara, Chetankumar Sandesara, Dipti Chetan Sandesara and Hiteshkumar Patel, are absconding and are facing extradition orders.
Sterling Biotech bank fraud case: Hitesh Patel arrested in Albania raised dummy companies with help of family members
Fugitive businessman Hitesh Narendrabhai Patel, wanted in the Rs 8,100 crore bank fraud involving Sterling Biotech and Sandesara Group, was running benami entities to siphon off loans obtained from financial institutions.
Sterling Biotech bank fraud case: Accused Hitesh Patel detained in Albania; to be extradited to India soon
Early this week, A Delhi court allowed the ED to send extradition requests to Republic of Albania against two directors of a Gujarat pharma firm Sterling Biotech in a Rs 8,100-crore money laundering case.
Delhi court allows ED to send extradition request for Sterling Biotech directors to Albania in Rs 8,100-cr fraud case
ED had registered the alleged bank fraud case against Sterling Biotech under sections of the Prevention of Money Laundering Act.
ED moves court seeking NBW against four directors of Sterling Biotech in Rs 5,000 cr case; hearing on 5 Jan
ED sought warrants against Sterling Biotech directors Nitin Jayantilal Sandesara, Chetankumar Jayantilal Sandesara, Dipti Chetan Sandesara and Hiteshkumar Narendrabhai Patel.
Enforcement Directorate moves court against Sterling Biotech Group promoters in Rs 8,100 cr bank loan fraud
ED has filed a plea before a special court of the Prevention of Money Laundering Act (PMLA), seeking to declare Nitin Sandesara, Chetan Sandesara, Dipti Sandesara and Hitesh Patel fugitives under Section 4 of the Fugitive Economic Offenders Act
Rs 5,000 crore bank fraud: CBI approaches Nigeria seeking information on fugitive businessman Nitin Sandesara
The move came after reports that Sandesara along with his family members, also accused in the scam, have fled from the United Arab Emirates to Nigeria
Sterling Biotech is alleged to have taken loans of over Rs 5,000 crore from a consortium led by Andhra Bank which had turned into non-performing assets.
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.
Businessman Gagan Dhawan was arrested on 1 November last year after the ED had alleged that he had facilitated the directors of Gujarat-based pharma firm Sterling Biotech Ltd (SBL) in the purchase of several properties and helped in misuse and diversion of the credit facilities of several bank totalling Rs 5,000 crore
Sterling Biotech Rs 5,000 cr bank fraud case: Enforcement Directorate attaches assets worth Rs 4,700 cr
Sterling Biotech had taken loans of over Rs 5,000 crore from a consortium of banks led by Andhra Bank which had turned into non-performing assets.
Andhra Bank shares fall 13 percent as ED files chargesheet against former director in alleged Rs 5,000 crore fraud
Sterling Biotech took loans of over Rs 5,000 crore from a consortium led by Andhra Bank, which turned into non-performing assets
The ED on Wednesday arrested a businessman in New Delhi in connection with its money laundering probe in the over Rs 5,000 crore alleged bank fraud case