Punjab National Bank (PNB) reports new borrowing fraud worth Rs 1,203 crore by Ahmedabad-based Sintex Industries Ltd,

New Delhi:  Punjab National Bank (PNB) has reported a new borrowing fraud worth Rs 1,203 crore by the troubled Ahmedabad-based Sintex Industries Ltd, whose debt-restructuring plan was rejected by lenders … Read More

Fugitive Sandesara of Sterling Biotech Dictates Terms to Indian Public Sector Banks

Remember the four politically powerful promoters of the Sterling Biotech group (Nitin Sandesara, Chetankumar Sandesara, Dipti Chetan Sandesara—and Hiteshkumar Patel) who have been absconding from India after running up Rs15,600+ crore of … Read More

ED lands up at Sonia Gandhi’s aide Ahmed Patel’s residence to question him on Sterling Biotech-Sandesara scam

The Sterling Biotech LTD (SBL) / Sandesara Group money laundering case involved graft charges to the tune of around Rs 15,000 crores. The Enforcement Directorate on Saturday arrived at the … Read More