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Breaking! Rs. 5000 Cr Indian scamster runs away

Monday, September 24, 2018 • Tamil Comments
Devan Karthik
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Even as Vijay Mallya, Nirav Modi and Mehul Choksi are yet to be brought back to India, yet another mega scamster is believed to have escaped to Nigeria. He is Nitin Sandesara of the Gujarat-based Sterling Biotech. He and his business partners have defrauded Indian banks of Rs. 5000 Cr.

Last month, a few media reports claimed that Nitin was detained by authorities in the UAE when he was caught in Dubai. However, some fresh reports are saying that he was never detained. In fact, he and some of his relatives are believed to have fled to Nigeria some months ago.

Why Nigeria? Two reasons: Nitin has business interests in the African country, and India has no extradition treaty with it.

Nitin is wanted by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED).

Note that it's only a speculation that Nitin and his partners/relatives are hiding in Nigeria. There is no evidence regarding the same as of now.

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