CBI wants Interpol to track firm officials

The Central Bureau of Investigation (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 Rs50 billion bank fraud case. According to the CBI FIR, Sterling Biotech had taken over Rs50 billion loans from a consortium of banks led by Andhra Bank during the years 2004 to 2012, which had turned into nonperforming assets. —