Enforcement Directorate (ED) has filed a Supplementary Procedure Complaint file in the money laundering case against former Andhra Pradesh Director Anoop Prakash. CBI had registered this case firstly. CBI Delhi has also registered a case against Sterling Biotech Limited and its directors.
It is alleged that Sterling Biotech took loans of over Rs5,000cr from a consortium of banks led by Andhra Bank. The account later turned non-performing. So far in 2018, the stock has declined over 41%.
Andhra Pradesh Bank director Anoop Prakash Garg, who has been caught in the investigation into ED's scam in the Rs 5000 crore scam of Gujarat's Sandesaras Group, has refused to give relief to Patiala House Court. Patiala House Court has rejected Anup Prakash's complaint.
Andhra Bank's former director Anoop Prakash Garg is currently in judicial custody. The person against whom ED has moved is a nominee director, he said. During the raid on Gujarat's Sandesara Group, the diary contained the name of Andhra Bank's director.
According to the diary, Rs.15.5 million was given to Garg. During investigations, Garg has also found out about investing in shell companies in Kolkata. There is a charge of grabbing money from banks on loan from the banks of the bank. ED has arrested a man named Gagan Dhawan in this case.