• Saturday, August 13, 2022

Business

India’s CBI Approaches Nigeria Seeking Details on Absconding Businessman Nitin Sandesara

Nitin Sandesara is being investigated by Indian investigators in a £554.80 million alleged banking fraud case, officials have said. (Photo: Chandan Khanna/AFP/Getty Images).

By: Radhakrishna N S

India’s federal investigation agency, Central Bureau of Investigation (CBI) has approached the Interpol wing of Nigeria to confirm whether absconding promoter of country’s Gujarat-based Sterling Biotech, Nitin Sandesara is staying Nigeria. The businessman, Nitin Sandesara is being investigated by Indian investigators in a £554.80 million alleged banking fraud case, the officials said on Tuesday (25). CBI’s new move came after media reports that stated Sandesara and members of his family have moved from the United Arab Emirates (UAE) to Nigeria with which India doesn’t ink any extradition pact. The investigation agency has also said that it has no information on the…

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