Gujarat cancels Dahej port contract given to absconding Sandesara brothers
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Gujarat cancels Dahej port contract given to absconding Sandesara brothers

By Business Standard calender  09-Jul-2019

Gujarat cancels Dahej port contract given to absconding Sandesara brothers

The Gujarat government Monday canceled all permissions granted to the bankrupt Sterling group promoted by the absconding Sandesara brothers to develop an all-weather port in Dahej.
The absconding promoters of the Sterling group -- Nitin and Chetan Sandesara--are alleged to have defrauded over Rs 14,500 crore of public money. Two of their flagships--Sterling Biotech and Sterling SEZ are in bankruptcy tribunals now.
Both the bothers are absconding since their names came up in the bank loan scam and money laundering activities and federal agencies began probing them.
"Chief minister Vijay Rupani today decided to cancel all the permissions given for building an all-weather berthing port at Dahej to Sterling Ports of Nitin Sandesara," the chief minister's office said in a statement Monday.

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