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Fugitive Sandesaras Claim “Religious Persecution” due to Ahmed Patel Link; Say They Are Victims of “Malfunctioning” Banking System
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At a time when the government wants to create a ‘bad bank’ to transfer non-performing loans of corporate India owed to public sector banks (PSBs), the story of the Sterling group provides an astonishing picture of how several thousand crores of rupees of outstanding dues are being wiped out in collusion with PSBs, agencies and the government. 
 
The fugitives, Gujarat-based promoters of the Sterling Biotech group holed up in Nigeria, have managed to beat India’s extradition attempt in 2019, by claiming that they are facing ‘religious and political persecution’. They also got the Interpol to cancel a red-alert. These startling facts were revealed recently in documents submitted in the Supreme Court (matter MA-972 of 2020) through Richmond Investments Pvt Ltd. Meanwhile, the Sandesaras continue to calmly lobby to ....

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