Charge sheet against Sandesara brothers under anti-money laundering law
The Enforcement Directorate (ED) will soon file a charge sheet under the anti-money laundering law against the Sandesara brothers, wanted in an over Rs 5,000 crore alleged bank loan fraud case, promoters of a Gujarat-based pharmaceutical company, officials said Monday.
The central probe agency will subsequently seek Interpol red corner notices (global arrest warrants) against the brothers and other accused based on this criminal complaint even as their exact locations remains unknown and changing-- from UAE to Nigeria, the officials said.
The charge sheet under the Prevention of Money Laundering Act (PMLA) is expected to be filed before a special court here within the next fortnight, they said.
The ED has earlier filed few charge sheets, called prosecution complaints, in this case in the past against other accused.
The agency said it had registered a PMLA case against the Sandesara brothers-- Chetan Jayantilal Sandesara and Nitin Jayantilal Sandesara-- and their Vadodara-based company Sterling Biotech Limited and others on October 27 last year, two days after a case of alleged bank fraud of Rs 5,700 crore and corruption were filed against them by the CBI.
"During the course of the investigation, three persons were arrested, one of them Gagan Dhawan, who was close to the power center when the loans were sanctioned," the ED said in a statement.
The ED and the CBI have booked the company, its directors-- the Sandesara brothers, Dipti Chetan Sandesara, Rajbhushan Omprakash Dixit, Vilas Joshi, chartered accountant Hemant Hathi, former director Andhra Bank Anup Garg and some unidentified persons in connection with the alleged bank fraud case.