• Monday, August 15, 2022

Business

Investigators approach Nigeria for information on Sterling Biotech chief Sandesara

Nitin Sandesara

By: Sarwar Alam

India’s Central Bureau of Investigation (CBI) has asked the Interpol wing of Nigeria to confirm if absconding promoter of Gujarat-based Sterling Biotech, Nitin Sandesara, being probed in a Rs 5300 crore (£555 million) banking fraud case, has moved in that country, officials said on Tuesday (25). 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 with which India does not have any extradition treaty. The agency has said it has no input on the whereabouts of Sandersara and his family members. Following the…

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