ED attaches Sterling Biotech's Rs 4,700cr assets
New Delhi, June 1: The Enforcement Directorate on Friday said it has attached properties worth Rs 4,700 crore in a Rs 5,000-crore bank fraud case involving Gujarat-based pharmaceutical company Sterling Biotech.
An ED official told IANS, the agency has attached properties of the Sterling Biotech in Mumbai and Ahmedabad under the sections of Prevention of Money laundering Act, (PMLA), 2002. A
The ED action comes after the Central Bureau of Investigation's (CBI) FIR.
The CBI has booked Sterling Biotech, its directors Chetan Jayantilal Sandesara, Dipti Chetan Sandesara, Rajbhushan Omprakash Dixit, Nitin Jayantilal Sandesara and Vilas Joshi, Chartered Accountant Hemant Hathi, Anup Prakash Garg and some unidentified persons in connection with the alleged bank fraud.
Sterling Biotech had taken loans of over Rs 5,000 crore from a consortium of banks led by Andhra Bank which had turned into non-performing assets. Total pending dues of the group companies were Rs 5,383 crore as on December 31, 2016, said the CBI FIR.
The ED said that during the probe, it found that "certain entries" in a diary seized by the Income Tax Department in 2011 showed cash payments amounting to Rs 1.52 crore made to one "Garg, Director, Andhra Bank" between 2008 and 2009 by the Sandesara brothers.
On January 13, the ED arrested Garg. The agency also arrested a Delhi-based businessman Gagan Dhawan in connection with the case in November 2017.
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India beat SA by 135 runs in 4th T20I, clinch series 3-1
Johannesburg, Nov 15: India beat South Africa by 135 runs in the fourth and final T20 International to clinch series 3-1 here on Friday.
Opting to bat, India posted a massive 283 for 1, thanks to unbeaten centuries from Tilak Varma (120 not out off 47 balls) and Sanju Samson (109 not out off 56 balls), and then bowled South Africa out for 148 in 18.2 overs.
Tristan Stubbs top-scored for South Africa with 46 while David Miller contributed 36.
For India, pacer Arshdeep Singh was the most successful bowler with figures of 3/20 while Varun Chakravarthy (2/42) and Axar Patel (2/6) got two wickets each.
Hardik Pandya, Ramandeep Singh and Ravi Bishnoi got a wicket each.
Brief Scores:
India: 283 for 1 in 20 overs (Sanju Samson 109 not out, Tilak Varma 120 not out; Lutho Sipamla 1/58).
South Africa: 148 all out in 18.2 overs (Tristan Stubbs 46, David Miller 36; Arshdeep Singh 3/20).
