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SC clears $570 million settlement with fugitive tycoon duo
Financial Express Lucknow
|November 25, 2025
THE SUPREME COURT has agreed to drop criminal charges against billionaire brothers Nitin and Chetan Sandesara if they pay a third of their dues in a $1.6-billion bank fraud, a step that could prompt other offenders to seek similar settlements.
After being accused of defaulting on domestic bank loans, the brothers, whose companies spanned industries from pharma to energy, fled India in 2017 on Albanian passports, court fi
This story is from the November 25, 2025 edition of Financial Express Lucknow.
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