Fugitive Gujarati businessman Nitin Sandesara arrested in Dubai for Rs 5,000 crore fraud

Agencies
August 16, 2018

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

Daanish
 - 
Thursday, 16 Aug 2018

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.

 

Ravi Prakash
 - 
Thursday, 16 Aug 2018

Finding an honest gujju is like finding a virgin porn star

Truth
 - 
Thursday, 16 Aug 2018

Is it just a co-incidence that since Modi and Shah came to power only Gujaratis are looting the country?

Vinod Raj, Ullal
 - 
Thursday, 16 Aug 2018

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

Ibrahim
 - 
Thursday, 16 Aug 2018

Modi follower in looting.

Unknown
 - 
Thursday, 16 Aug 2018

This is why people say gujjus and marwari will do anything to get maximum profit.

Ramprasad
 - 
Thursday, 16 Aug 2018

Let Modi now talk of Honest tax payes from Gujerat who will get Punya...His own are stealing in front of his eyes

Ramesh Pandit AR
 - 
Thursday, 16 Aug 2018

How come , now a days all frauds are from Gujarat?

Mohan
 - 
Thursday, 16 Aug 2018

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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News Network
May 15,2020

Bengaluru, May 15 Reformed underworld don N Muthappa Rai died battling cancer at a private hospital here on Friday, hospital sources said.

Rai, 68, was suffering from brain cancer for the past one year and was admitted at Manipal Hospital on Old Airport Road, where he died at 2.30 am, the sources said. Rai is survived by two sons.

Born into a Tulu-speaking Bunt family in Dakshina Kannada''s Puttur town, Rai entered the crime world at a very young age.

Karnataka police issued arrest warrants against Rai in eight cases, including murder and conspiracy.

In 2002, Rai was deported to India from the United Arab Emirates. On arrival, he was questioned by various investigation agencies such as the Central Bureau of Investigation (CBI), Research and Analysis Wing (RAW) and Intelligence Bureau (IB), and by the Karnataka police. He was later acquitted due to the lack of evidences.

In his reformed years, Rai founded charitable organisation ''Jaya Karnataka''.

Rai has appeared in Tulu film ''Kanchilda Baale'' in 2011 and Kannada film ''Katari Veera Surasundarangi'' in 2012.

Bollywood director Ram Gopal Varma wanted to make a movie based on Rai''s life. The film roped in actor Vivek Oberoi for the lead role and was shot in Bengaluru, Mangaluru, Mumbai, Dubai and London. However, it has not been released due to production delays.

Rai was enthusiastic about the film and even celebrated his birthday with Varma and Oberoi.

After his cancer diagnosis, Rai withdrew from public life and resigned from Jaya Karnataka.

His last rites are likely to be performed at Bidadi on Friday, family sources said.

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News Network
February 9,2020

Tumkur, Feb 9: A special puja was performed at the Durga Parameshwari temple and the Shaneshwara temple in Karnataka's Rangana Halli village to save people from coronavirus.

Yashwanth Shastri, a priest, said: "We performed this special puja on Friday to save the world from virus and diseases like corona and H1N1."

"Our ancestors used to perform a special puja for the betterment of society and save the world from viruses when they attacked," he said.

Coronavirus originated in China's Wuhan city in December last year and has since spread to various cities around the world.

The World Health Organisation (WHO) has declared the coronavirus outbreak as a global health crisis.

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News Network
February 6,2020

Bengaluru, Feb 6: A 33 -year-old techie who was on the run after allegedly bludgeoning her mother to death and attempting to murder her brother at their house near KR Puram early on Sunday was arrested along with her friend from a hotel in Port Blair, Andaman and Nicobar Islands, on Wednesday morning.

C Amruta and Sridhar Rao were produced before a court in Port Blair to get a transit warrant, deputy commissioner of police (Whitefield) MN Anuchet said. Police initially thought she had committed the crime as she was unable to repay a loan of Rs 15 lakh and feared being humiliated by the lenders.

"But now we strongly suspect that Amruta and Rao were in a relationship, which was opposed by her mother and brother. We don't see any other reason for her to attack her family members. We can get more details only after questioning the duo," another police officer said, adding, "The most important question is: Did Rao know Amruta was going to kill her mother? Or he got to know about it only later? He'd booked their air tickets to Port Blair on January 31 itself."

Rao and Amruta worked together in a software company in Whitefield till 2017. "Then they joined different firms and were in constant touch," police said.

Preliminary probe revealed the duo flew to Port Blair by catching a flight from Kempegowda International Airport (KIA) at 6.30am on Sunday. CCTV footage had shown Rao - wearing a full-face helmet and carrying a backpack - waiting near Amruta's house on a gearless scooter on Sunday morning. After she arrived, they chatted for a while before riding away. They arrived at KIA on the same bike, police said.

"We checked the passengers' list at KIA for that day and found Amruta's name. With the help of Port Blair police, we traced the duo to a hotel," an investigating officer said.

On Sunday morning, Amruta hit her 54-year-old mother C Nirmala on the head with a digging bar. She later stabbed her younger brother C Harish in the neck. Harish collapsed and thinking that he was dead, she left the house.

In his statement to police, Harish stated, "Around 4.30am, Amruta entered my room and stabbed me. I asked her what was wrong. She said she had a debt of Rs 15 lakh and didn't want the debtors to harass me and our mother."

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