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Thursday, August 28, 2025
TopicSterling Biotech

Topic: Sterling Biotech

4 Sterling Biotech directors declared fugitive economic offenders in Rs 8,100 cr fraud case

According to the ED, the four allegedly manipulated figures in the balance sheets of their flagship companies and induced banks to sanction higher loans.

How fugitive Sandesaras getting Sterling Biotech back at discount pokes holes in IBC process

In allowing the Sandesaras to regain control of the company, the NCLAT kicked off a debate on the Insolvency & Bankruptcy Code. 

Delhi court allows extradition request of Sterling’s Sandesara brothers from Albania

Nitin Jayantilal Sandesara and Chetankumar Jayantilal Sandesara are currently residing in Albania & have been accused in a Rs 8,100-crore money laundering case.

ED moves court against Sterling Biotech promoters in Rs 8,100-cr bank loan fraud

ED files plea before a special court calling for Sterling Biotech group promoters to be declared as fugitives.

ED files 5th chargesheet in Sandesara fraud but no mention of CBI No. 2 Asthana so far

Rakesh Asthana’s name appeared in the Sterling Biotech diaries seized in 2011, but it has not been mentioned in five prosecution complaints filed so far.

Paradise Papers: Parking money in tax havens biggest threat to democracy in the world

In most cases, funds were siphoned from domestic companies to offshore tax havens by over-invoicing and under-invoicing, through intermediary shell companies .

On Camera

How India’s disastrous attempt at economic planning choked growth, stagnated private sector

The Indian planning system did not encourage individuals based on ‘what they knew’, but on ‘whom they knew’. Many left for countries that recognised their talent.

All bets off as online gaming bill shakes industry & key players suspend ‘gambling’ on their platforms

The new law, which the government has framed as a moral duty, forced major platforms like Dream11 & Zupee to shut operations, wiping out hundreds of crores in market capitalisation. 

Post-Sindoor, joint doctrine tasks Special Forces with fighting info warfare & countering propaganda

Joint Doctrine for Special Forces Operations, released Wednesday, also outlines plans for the future expansion of AFSOD and the creation of Joint Service Training Institutes.

That Oval Office picture for ages deserves closer Indian reading, with a geopolitical lens

Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.