NEW DELHI: The Enforcement Directorate (ED) filed a chargesheet against Rajbhushan Dixit , director of Sterling Biotech , on Wednesday in a bank loan fraud case of Rs 5,383 crore.

On June 1, the ED had attached assets worth over Rs 4,700 crore of the Gujarat-based company under the Prevention of Money Laundering Act. A money laundering case was registered by the agency based on a CBI FIR against Sandesara group of companies , including Sterling Biotech Ltd.

The main accused in the case, Sandesara brothers, Nitin and Chetan Sandesara, allegedly defrauded a consortium of government banks. They fled the country before the CBI registered a case against them last year in August. The ED probe, according to senior officers, revealed that the Sandesara group of companies have allegedly cheated several banks and the total outstanding against banks and investors may go beyond Rs 10,000 crore. The ED had earlier arrested three persons, including Delhi-based businessman Gagan Dhawan, former director of Andhra Bank, Anup Garg, and Rajbhushan Dixit, director of Sterling Biotech Ltd.

