Nitin Sandesara with Family Fled To Nigeria after Doing 5,000 Crore Bank Fraud

September 25, 2018

Nitin Sandesara, who was found guilty in case of 5,000 crore bank fraud was detained in Dubai, it has now emerged that he is not in the UAE and could have fled to Nigeria. He is owner of Gujarat-based Sterling Biotech and wanted by the CBI and the ED in a Rs 5,000 crore bank fraud.

As per reliable sources in the two agencies, Sandesara and other family members including brother Chetan Sandesara and sister-in-law Diptiben Sandesara were believed to be hiding in Nigeria. Our country does not have an extradition treaty or a Mutual Legal Assistance Treaty with Nigeria and bringing them back from the African country would be difficult.

There were reports that Nitin Sandesara was detained by UAE authorities in Dubai in the second week of August. It was incorrect information. He was never detained in Dubai. He and other family members probably left for Nigeria much before that.

However, the investigation agencies are planning to send a request to UAE authorities asking them to “provisionally arrest” the Sandesaras if they are seen there. Efforts are also on get Interpol red corner notices issued against the Sandesaras. It is not known if the Sandesaras travelled to Nigeria on Indian passports or some other country’s document.

The CBI and the ED have booked Vadodara-based Sterling Biotech + , its directors Nitin, Chetan and Dipti Sandesara, Rajbhushan Omprakash Dixit, Vilas Joshi, chartered accountant Hemant Hathi, former Andhra Bank director Anup Garg and unidentified persons for cheating banks of Rs 5,000 crore.

 

About nehanchal

I am Nehanchal. 3 years ago, I started my career as content writer at Money classic Research. I am fascinated with this job and I feel habit of reading and writing enhances your skills. I love to write technical and health blogs. However, I am engineer turned writer and pursued graduation at Rajiv Gandhi Prodyogiki Vishwavidhyalaya.
By: nehanchal

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