Regional News

Congress Treasurer’s Sterling Biotech-Sandesara Group Assets attached by ED for money laundering and Bank Fraudulent.

When it comes to matters of corruption, Congress can be trusted to have unclean hands.

Sandesara – Sterling Biotech is caught in the controversy of bribing many IAS and IPS officers. The Sterling Diary entries show that many top officials were in the payroll of this tainted fir.

CBI Special Director Rakesh Asthana was caught for accepting Rs.3.8 crores from this firm in 2011, when he was the Commissioner of Police in Surat. His son Ankush Asthana was also a senior staffer of Sterling – Sandesara Group and his daughter’s lavish marriage party was conducted at the company’s farmhouse.

New Delhi: Congress Treasurer Ahmad Patel

At present, the controversial business group is facing two CBI probes. One is for bribing Govt officers and other is money laundering and bank frauds.

The Enforcement Directorate (ED) has attached Congress Treasurer Ahmed Patel linked Sterling Biotech – Sandesara Group’s assets worth over Rs.9,800 crores in connection with money laundering and bank loan frauds. The ED on Wednesday attached the overseas assets of the fugitive owners’ four oil rigs in Nigeria, two ships registered in Panama, Gulfstream luxury aircraft registered in the USA and a residential flat in London.

The Gujarat based firm caught for the massive bribing of IAS, IPS, and Income Tax officers in Gujarat and Mumbai and was so close with Ahmed Patel’s family members like his son Faisal Patel and son-in-law Irfan Siddiqui. Many witnesses have deposed about money handing over to Ahmed Patel’s Delhi home and his close associate Gagan Dhawan.

The Central Bureau of Investigation (CBI) and ED also booked Sandesara Group for cheating Andhra Bank-led 20-bank consortium of more than Rs.8000 crores. The Special Court in Delhi issued a notice to the Sterling Biotech (belong to Sandesara Group) promoters following an Enforcement Directorate’s plea to declare them fugitive economic offenders in connection with the bank fraud case. Nitin Sandesara, Chetan Sandesara, Dipti Sandesara, Hitesh Patel are the fugitive promoters of this controversial firm.

Controversial police officer Rakesh Asthana was also caught for accepting Rs.3.5 crores bribes from Sandesara Group close to Ahmed Patel. At that time Rakesh Asthana was Surat Police Commissioner.

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