July 18, 2018 6:44 PM

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ED files charge sheet against director of pharmaceutical firm in a bank loan fraud case of Rs. 5,000 Cr

<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><span style="font-size: 12.8px;">The Enforcement Directorate has filed a charge sheet against the director of a Gujarat-based pharmaceutical firm in a bank loan fraud case of over 5,000 crore rupees. The ED has accused Sterling Biotech Limited's Rajbhushan Omprakash Dixit of taking loans of over 5,000 crore from a consortium led by Andhra Bank which had turned into non-performing assets.</span></div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"></div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">The charge sheet was filed before Additional Sessions Judge Satish Arora in New Delhi by special public prosector Nitesh Rana. The court had on the 9th of February sent Dixit to judicial custody in the case. </div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"></div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">The agency had in the same month arrested a former director of Andhra Bank and Delhi-based businessman last November in connection with the case.</div>''<div class="yj6qo" style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"></div>

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