Case of Sterling Biotech: Ahmed Patel's son, Faisal, appears before ED
New Delhi, September 5 () Faisal Patel, son of Congress leader Ahmed Patel, was questioned again by the ED on Thursday regarding his investigation into the alleged bank fraud of multiple rupees and money laundering by Sterling with Gujarat headquarters. Biotechnology, officials said.
They said that Faisal Patel's statement was registered under the Money Laundering Prevention Act (PMLA) as it was made three times before.
The Execution Directorate is investigating the alleged links of Faisal Patel and dealing with the Sandesara brothers, promoters of the Sterling Biotech company based in Vadodara.
The agency had similarly recorded the statement of Ahmed Patel's son-in-law, Irfan Siddiqui, in the case in July.
Ahmed Patel is a deputy of the Rajya Sabha Congress in Gujarat and is also the treasurer of the great old party.
He was previously political secretary of the president of the UPA and president of Congress, Sonia Gandhi.
The central agency had previously registered the statement of Sunil Yadav, an employee of the Sandesara group, in which he reportedly spoke about Faisal Patel and the Sandesara brothers.
It is said that the alleged loan fraud of Rs 14,500 crore was perpetrated by the pharmaceutical firm and its main promoters - Nitin Sandesara, Chetan Sandesara and Deepti Sandesara - all of whom are escaping.
The Sandesara also face polls for their alleged link with some high-profile politicians by the ED, as well as by the Central Bureau of Investigation (CBI) and the Department of Income Tax in criminal sections dealing with corruption and tax evasion, respectively.
At present, it is claimed that they are based in Nigeria, from where India is trying to extradite them. The ED registered a criminal case in relation to the alleged bank loan fraud based on an FIR and a charge sheet submitted by the CBI. NES NES SNE SNE