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
April 20,2020

Bengaluru, Apr 20: The cumulative positive cases of COVID-19 in Karnataka stand at 408, including 16 deaths and 112 people discharged.

Karnataka's Department of Health and Family Welfare in a media bulletin said: "As of 5 pm on April 20, cumulatively 408 COVID-19 positive cases have been confirmed in the state. It includes 16 deaths and 112 discharges."

Out of the remaining 280 cases, 278 COVID-19 positive patients including one pregnant woman in isolation at designated hospitals are stable, and two are in ICU, added Health and Family Welfare Department.

"18 new cases have been confirmed for COVID-19 in the State from Sunday 5 pm to Monday at 5 pm," added the department.

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News Network
February 12,2020

Bengaluru, Feb 12: Mohammed Nalapad, son of Karnataka Congress MLA NA Harris, who allegedly rammed his sports car into vehicles and a kiosk, injuring 4, on Bellary road in Bengaluru on February 9, said that he was not in the car which met with the accident.

Bengaluru Joint Commissioner of Police, Traffic, Ravikante Gowda told media, "Mohammed Nalapad appeared before the investigating officer today. He was arrested following interrogation. We are collecting evidence and will file a charge sheet shortly."

Nalapad is out on bail, in connection with the matter where he had assaulted a man in a pub in Bengaluru in 2018.

"I was not in the car which met with accident. I was travelling in a Lamborghini car which was moving ahead of the car. However, I called people to rescue the victims. We took them to the hospital and paid their hospital bill," said Mohammed Nalapad.

Further, details are awaited

Also Read: MLA N A Harris’ son Nalapad, out on bail, now crashes his luxury Bentley car, injures 4

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News Network
July 22,2020

Bengaluru, Jul 22: On Wednesday morning starlet and Bigg Boss 3 contestant Jayashree Ramaiah sent social media into a tizzy with an update that read, “I quit. Goodbye to this f*****g world and depression.” Friends and acquaintances immediately began reaching out to the actor asking her to return their concerned calls and desist from taking any extreme steps.

“Jayashree has been battling depression for a while now. She had family issues and was also concerned about the lack of work,” shares actor Ashvithi Shetty. The Ramachari twins were in touch with Jayashree since they met at a celebrity cricket match four years ago. “She has shared several times about how low she’s been and I would try to cheer her up. But the problem was that she’d keep changing her phone number so often that it became difficult to keep track of how she was doing,” states Ashvithi.

Around four months ago, Jayashree moved into her own home and mentioned to her that she was happy with this new development in her life. “But she went retreated again and a few days ago, I messaged her on social media and she said she was doing fine. So I was shocked to see this update on Wednesday morning,” avers the actor. Repeated calls finally elicited a message from Jayashree that she was getting admitted to the hospital. “But I also got contradictory information that she had been discharged and had been taken to the hospital again but she was refusing to go inside. I am awaiting more clarity on the issue,” sums up Ashvithi.

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