Vadodara: The case of Fraud took place in Gujrat. CBI had booked Vadodara based absconding directors of a Gujarat based pharma company, which is being probed in a 5000 cr fraud case.
According to the sources, the company and its directors are being probed. CBI booked 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 police officials said that the members were arrested in Dubai on a non-bailable arrest warrent issued in India.
“The legal process post the arrest is taking place in Dubai. We are waiting for details. Indian agencies will try to get him deported,” a senior official said.
According to the information, it is alleged that the company had taken loan of over rs 5000 cr from a consortium led by Andra Bank, which had turned into non-performing asset. The total amount of loan on the company is estimated to be around 5383 cr as on december 31st, 2016. The Enforcement officer had arrested some of the people.
Sources revealed that Multiple prosecution chargesheet had been filed by it, before the special court.