(Image source from: Twitter.com/toiindianews)
Rs 5000 Cr Fraud From Gujarat: Businessman Fled To Nigeria:- It has been a season of scams in the country and several businessmen flew away from the country after registering crores of fraud. Now the latest one to join the list is Nitin Sandesara, CEO of Sterling Biotech and he hails from Gujarat. He is now the most wanted in the list of CBI and Ed after he did a Rs 5000 crore fraud. He was detained in Dubai but the latest update says that he flew to Nigeria. Sandesara along with family and brother Chetan Sandesara are said to be hiding in Nigeria.
India has no extradition treaty or any mutual legal assistance treaty with Nigeria because of which the family may have flew to Nigeria. Bringing them from Nigeria would be a tough task revealed an officer who did not want to be named. Sources revealed that before he was detained in Dubai, Nitin Sandesara and his family members flew to Nigeria. They have been booked by CBI and ED for cheating several banks. Huge amounts have been diverted abroad. Several benami companies have been registered and funds have been diverted.
(Video Source: The Times of India)