Hitesh Patel, accused in Sterling Biotech case, detained in Albania on the basis of an Interpol notice issued by the Enforcement Directorate (ED), officials said on Friday.
This is to inform you that the Enforcement Directorate (ED ) had issued an Interpol red corner notice against him on March 11.
For further investigations earlier in the week, a Delhi court had allowed the ED (Enforcement Directorate) to send extradition requests to Albania for two directors of the Gujarat-based pharma firm in a Rs 8,100-crore money laundering case.
The accused had fled the country soon after cases were registered against them in 2017.
What is Sterling Biotech group case?
In October year 2017, the CBI (Central Bureau of Investigation) had alleged that Sterling Biotech company had taken bank loans of over Rs 5,000 crore from a consortium led by Andhra Bank which has turned into non-performing assets.
The FIR (First Information Report ) has alleged that the total pending dues of the group companies were Rs 5,383 crore as on December 31, 2016.
The ED (Enforcement Directorate) had taken cognizance of this FIR to file a money laundering case against them.
The CBI ((Central Bureau of Investigation)had booked Sterling Biotech, its directors Dipti Chetan Sandesara, Rajbhushan Omprakash Dixit, Chetan Jayantilal Sandesara, Nitin Jayantilal Sandesara, and Vilas Joshi, chartered accountant Hemant Hathi, Garg and some unidentified peoples in connection with the alleged bank fraud case.
The firm is being probed by the Enforcement Directorate for allegedly bribing senior income tax department officials as part of an earlier criminal complaint. Concern agencies had carried out searches against Dhawan and a former Congress MLA in Delhi in August.