Articles about Sterling Biotech

News articles

14 Feb 2019

Hemant Hathi granted bail in Sterling Biotech fraud case

A Delhi court today granted bail to one of the main promoters of Sterling Biotech Ltd (SBL) Hemant Hathi in a Rs. 8,100-crore bank fraud case.

11 Jan 2019

5 reasons why CBI chief Alok Verma was sacked

In a concerning incident, the select panel headed by Prime Minister Narendra Modi sacked CBI boss Alok Verma on Thursday, less than two days after he was reinstated to his post by Supreme Court.

05 Dec 2018

#CBIvsCBI: Verma, Asthana were 'fighting like cats', Centre tells SC

On Wednesday, the Supreme Court resumed the hearing of CBI Director Alok Verma's plea challenging the government's decision to divest him of his powers in light on an ongoing row between him and CBI second-in-command Rakesh Asthana.

12 Nov 2018

#CBIvsCBI: CVC submits inquiry report, hearing deferred till Friday

In compliance with an earlier Supreme Court order, the Central Vigilance Commission (CVC) has submitted its report of inquiry against CBI Director Alok Verma to the apex court.

26 Oct 2018

Bank loan fraud case: ED moves court against Sterling Biotech

The Enforcement Directorate (ED) today moved a special court in New Delhi to get the owners of Gujarat-based Sterling Biotech group, who are charged in an alleged Rs. 8,100 crore bank loan fraud case, declared fugitive economic offenders under a new law, officials said.

24 Oct 2018

#CBIFaultlines: Midnight order, top-officials' 'leaves', and other details to know

At 1 AM on Wednesday, two top-ranking officials of the country's premier investigative agency, CBI, were sent on leave, paving way for cataclysmic changes.

24 Sep 2018

#AnotherNiravModi: Sterling director accused of Rs.5,000cr scam hiding in Nigeria

After reports surfaced last month that Nitin Sandesara, the absconding director of Sterling Biotech, had been arrested in Dubai over an alleged Rs. 5,000cr scam, it now appears that Sandesara and his family might have fled to Nigeria.