CBI asks Interpol Nigeria to help trace Sterling Biotech directors
New Delhi, Sep 25 : The CBI has written to the Interpol in Nigeria seeking the whereabouts of Chetan and Nitin Sandesara, directors of the Gujarat-based pharma company Sterling Biotech in connection with an over Rs 5,000-crore bank fraud case.
A senior official of the Central Bureau of Investigation (CBI) told IANS that it has written to the Interpol unit in Nigeria to share details on whereabouts of Nitin and Chetan Sandesara and his family members in that country.
According to the agency source, the CBI wrote to the Interpol in Nigeria late on Monday.
The CBI official made the revelation amid media reports that Nitin and Chetan Sandesara, along with his family members, had fled to the African nation.
The CBI had booked Sterling Biotech, its directors Chetan Jayantilal Sandesara, Dipti Chetan Sandesara, Rajbhushan Omprakash Dixit, Nitin Jayantilal Sandesara and Vilas Joshi, chartered accountant Hemant Hathi, former Director of Andhra Bank Anup Prakash Garg and some unidentified persons in connection with the alleged bank fraud in October 2017.
According to the CBI FIR, Sterling Biotech had taken over Rs 5,000 crore loans from a consortium of banks led by Andhra Bank during the years 2004 to 2012, which had turned into non-performing assets. The total pending dues of the group companies were Rs 5,383 crore as on December 31, 2016.
Meanwhile, a source in the Enforcement Directorate (ED) said the agency is set to file a chargesheet against the accused soon under the Prevention of Money Laundering Act (PMLA). The source also said that the agency would also write to the Interpol seeking a red corner notice (RCN) against the accused.
The ED had initiated a money laundering probe into the case taking cognizance of the CBI FIR.
On January 13, the ED had arrested Garg. The agency also arrested a Delhi-based businessman Gagan Dhawan in connection with the case in November last year. Besides, the Directorate also attached properties worth Rs 4,703 crore.
The ED had issued lookout circulars against the accused in August 2017.
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Pvt bus operators demand immediate hike in payment rates for buses requisitioned by EC
Kolkata (PTI): A representative body of private bus operators in West Bengal on Tuesday demanded an immediate announcement of higher payment rates for requisitioned vehicles to be deployed during the assembly elections next month, alleging that repeated appeals to the Election Commission in this regard have been ignored.
In a letter to the Chief Electoral Officer, the Joint Council of Bus Syndicate said that despite two rounds of communication with the authorities, no decision has yet been conveyed to them for hiking the rates for acquiring buses and minibuses for poll duty.
Even after two letters to the CEO’s office regarding the fare for the acquisition of buses/minibuses for elections, the operators have not received any decision so far, Syndicate Secretary Tapan Banerjee told PTI.
“The election dates have been announced for April 23 and 29. Central forces have already arrived in the state, and the administration has begun to requisition the buses for their movement. But we are yet to know the EC’s response to our demands,” he said.
“As we have to bear the expenses of fuel and wages of our conductors and drivers, our demand must be addressed immediately,” Banerjee added.
The bus operators have placed a detailed set of demands, including revised daily rates excluding fuel costs. “We demand Rs 4,000 per day (excluding diesel) for ordinary buses, Rs 4,500 for express buses, and Rs 5,500 for AC buses,” the letter stated.
In addition, the union has sought a daily allowance for workers.
“A daily allowance of Rs 500 must be provided to workers on duty,” it said.
The letter also stressed payment terms, demanding advance compensation and timely settlement of dues.
“At least 75 per cent of the payment should be made in advance, and the remaining amount must be cleared within 15 days of bill submission,” the union said.
Raising concerns about workers’ voting rights, the union further stated, “Arrangements for postal ballots must be ensured for workers on duty so that no worker is deprived of voting.”
Among other logistical concerns, the union demanded that a bus from one district should not be deployed in another.
