The Enforcement Directorate's investigation into the Sterling biotech case has thrown up startling revelations that have been accessed by Republic TV; specifically, the statement in a remand letter in the case regarding the delivery of a large sum of money at the residential address of a prominent Congress leader.
In the remand copy of a Ranjit Malik, who has been arrested by the ED, a Rakesh Chandra, in his statement dated July 25 before the ED, has stated under oath that he was being used as a cash delivery person to various persons by Malik. On one occasion, Chandra said, he delivered Rs 25 lakhs cash at 23 Mother Teresa Crescent, New Delhi. When Ranjit Malik was asked about the transaction, he gave evasive replies, the remand copy states.
The address in question, 23, Mother Teresa Crescent, is occupied by Congress Rajya Sabha MP and Sonia Gandhi-aide Ahmed Patel.
(Screengrab from the Rajya Sabha website)
At the time of writing this article, Ranjit Malik is being produced in court. Meanwhile, in his first reaction to the story broken by Republic TV at 4:00 pm on Friday, Ahmed Patel has called the report bogus and baseless.
Reporters: Sir, were you aware? Sir, were you aware? Ahmed Ji
Ahmed Patel: See, I don't take it seriously. It is all baseless. Let them do what they want to do.
Reporters: Sir, the thing which is going on air, is that the money was linked to your...
Ahmed Patel: All, all, all baseless. BASELESS. I've told you
(To driver) Let's Go
*Ahmed Patel's car leaves*
The Sterling Biotech group bank loan fraud case relates to the promoters of the group, Nitin and Chetan Sandesara, and others fraudulently availing credit worth over Rs 5,000 crore sanctioned by a consortium of banks, that turned NPA. The Sandesaras, who fled the country in August 2017, had allegedly used hundreds of shell companies in India and abroad to divert and misuse loan funds. The ED has attached assets including immovable properties and plant machinery, along with high-end cars, in the case. In November, Delhi-resident Gagan Dhawan, an alleged close aide of Ahmed Patel had been arrested by the ED in connection with the case on charges of money laundering.