The CBI has acquitted the BSF and NCB chief Rakesh Asthana over his involvement in the Sterling Biotech bribery case. A potential nominee as the next CBI chief, Asthana was inquired for being the suspected recipient of unaccounted money endorsed by Sterling’s fugitive owners - Sandesara Brothers. Claiming that nothing substantiated Asthana's involvement in the bank fraud case, the CBI held that transfers to suspicious RA were' running account… read-more
Courtesy: The Hindu
Four Directors of the Gujarat pharma 'Sterling Biotech' have been declared as 'fugitive economic offenders' by a Delhi Court, on September 28. The order was passed in an Rs.8,100 crore bank fraud case following an appeal by the Enforcement Directorate (ED). The ED argued that the accused were already issued a non-bailable warrant, but they still fled the country and "are evading the process of law to face criminal prosecution."
Courtesy: The Indian Express