Nitin sandesara latest news

Nitin Sandesara is an Indian businessman and the co-founder of Sterling Biotech, a pharmaceutical company based in Gujarat. He has been in the news recently due to various controversies and legal issues. Here are some of the latest news updates about Nitin Sandesara:

  1. ED attaches assets worth Rs 3,500 crore: In October 2020, the Enforcement Directorate (ED) attached assets worth Rs 3,500 crore belonging to Nitin Sandesara and his family in connection with a money laundering case. The assets include properties, shares, and bank accounts.
  2. CBI files chargesheet: In November 2020, the Central Bureau of Investigation (CBI) filed a chargesheet against Nitin Sandesara and his family members in a case related to alleged bank fraud and cheating.
  3. Sterling Biotech's debt woes: Sterling Biotech, the company founded by Nitin Sandesara, is facing severe debt woes. The company has been struggling to pay its debts, which have been estimated to be around Rs 10,000 crore.
  4. Nitin Sandesara's whereabouts unknown: Nitin Sandesara has been absconding since 2018, and his whereabouts are still unknown. The ED and other investigative agencies have been trying to trace him to question him in connection with various cases.
  5. Family members arrested: In recent months, several family members of Nitin Sandesara, including his brother Chetan Sandesara and sister-in-law Dipti Sandesara, have been arrested by the ED and other agencies in connection with various cases.
  6. Properties seized: The ED has seized several properties belonging to Nitin Sandesara and his family members, including a luxury hotel in Ahmedabad and several properties in Gujarat and Maharashtra.
  7. Investigation ongoing: The investigation into the cases related to Nitin Sandesara and Sterling Biotech is ongoing, and several agencies are involved in the probe.

These are some of the latest news updates about Nitin Sandesara. The cases against him and his family members are complex and involve allegations of fraud, money laundering, and other financial irregularities.