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Monday, October 27, 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

The K in K-Pop is already silent. And that’s OK

Audience data shows there are now more fans outside South Korea than at home. Like hip hop, there’s no reason why K-Pop can’t have a similarly inclusive trajectory while staying true to its core.

Paper in MoSPI journal flags financial inclusion gap—highest among Hindus, lowest for Muslims

Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.

From battle of wits and daring air strikes to artillery fury, new details emerge of Operation Sindoor

Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.

Deepfake on duty: when I asked AI to read Op Sindoor citations

On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.