Delhi court clears Sandesara brothers after massive settlement
All cases against Chetan and Nitin Sandesara, the faces behind Sterling Biotech, have been dropped by a Delhi court.
This comes after the Supreme Court approved a deal for them to pay back ₹5,100 crore—covering old bank fraud and money laundering charges that date back to 2017.
They paid more than what was owed
In early December, the Sandesara brothers deposited ₹5,111 crore—actually more than their net dues of ₹2,061 crore (after earlier recoveries).
The money was put in fixed deposits and then handed over to banks.
With this payout done, Judge Shailender Malik officially closed all proceedings and released their bail bonds.
Quick recap: What were they accused of?
The trouble started in 2017 when the CBI accused them of pulling off a ₹5,383 crore bank fraud by moving loans through shell companies for overseas ventures.
Over time, more cases piled up—money laundering probes worth nearly ₹10,000 crore plus other financial investigations—but now it's all been settled with this big payment.