Gujarati businessman Nitin Sandesara, accused of defaulting banks on Rs 5,000 crore loan, has reportedly fled to Nigesria, with whom India does not have any extradition treaty or Mutual Legal Assistance Treaty.
According to reports, Sandesara, who was reported to be in UAE, left for Nigeria with his other family members including brother Chetan Sandesara and sis-in-law Diptiben Sandesara. Nitin is the owner of and wanted by the CBI and the ED in a Rs 5,000 crore bank fraud, reported Times of India.
What is even more embarrassing is the fact that the Indian authorities were once again misled by false information that Nitin was detained by the Dubai authorities in Dubai last month.
“There were reports that Nitin Sandesara was detained by UAE authorities in Dubai in the second week of August. It was incorrect information. He was never detained in Dubai. He and other family members probably left for Nigeria much,” the ToI report quoted an official.
CBI has booked Vadodara-based Sterling Biotech, its directors Chetan Jayantilal Sandesara, Dipti Chetan Sandesara, Rajbhushan Omprakash Dixit, Nitin Jayantilal Sandesara and Vilas Joshi, chartered accountant Hemant Hathi, former director Andhra Bank Anup Garg and some unidentified persons in connection with the alleged bank fraud case.
The latest round of embarrassment for the government comes just days after the pro-government media went hysterical claiming that the authorities in Dubai had agreed to extradite Christian Michel, a British national, wanted by India in the AgustaWestland VVIP Chopper scam. Hours later, as reported by Janta Ka Reporter, it emerged that the pro-government media and journalists had fallen victim to fake news.
Faced with embarrassment, the Indian authorities are now planning to request the authorities in the UAE to at least ‘provisionally arrest’ the Sandesara family if they are seen there.
Sandesaras are accused of setting up at least 300 shell companies in India and abroad to divert loans illegally by manipulating balance-sheets. The family is also accused of having producing fake transactions between the shell companies and Sterling group to inflate their turnovers in a bid to secure more bank loans.