Delhi court declared four directors of a Gujarat-based pharma firm, Sterling Biotech Ltd(SBL), “fugitive economic offenders” in a Rs 8,100-crore bank fraud case.
It was declared that accused Nitin Jayantilal Sandesara, Chetan Jayantilal Sandesara, Dipti Chetan Jayantilal Sandesra and Hiteshkumar Narendrabhai Patel are fugitive economic offenders.
According to the ED, the four allegedly manipulated figures in the balance sheets of their flagship companies and induced banks to sanction higher loans.
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