SANDESARA – HOW A WEALTHY INDIAN FAMILY EVADED JUSTICE

On 8 June, a report from OCCRP alleges that the Sandesara family, on the run from over $700 million in fraud and money laundering charges in their homeland, have been protected by Albania and Nigeria.  It says that family members were swiftly granted citizenship in Albania after pledging to invest over $33 million in construction projects with their local partner.  Judges in Albania and Nigeria have rebuffed India’s attempts to extradite them, arguing the charges against them are politically motivated.  However, Indian state companies continued to buy oil sourced from the Sandesaras’ Nigerian company after the family went on the run.  The Sandersaras had been on the run since 2017, when authorities in India accused them of defrauding local banks out of loans worth over $700 million.

https://www.occrp.org/en/investigations/above-the-law-how-a-wealthy-indian-family-evaded-justice

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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