Bollywood actor Dino Morea and DJ Aqeel’s statements were recorded by the Enforcement Directorate in connection with the Sterling Biotech alleged bank fraud money laundering case, said the officials on Monday.
The officials said that they two were questioned over several sessions in the past few days and their statements have been recorded under the Prevention of Money Laundering Act (PMLA). It has come to know that Dino Morea will be deposed again next week.
The famous DJ and actor Aqeel has been asked to join the probe by ED last month. The ED got the information that the two were paid some money by the Gujarat-based pharmaceutical group in the past. The officials said that payments were made between 2011 and 2012 when the two reportedly attended some events organized by the Sandesara brothers.
The total amount of the bank fraud is stated to be around Rs. 14,500 crore which is a bigger scam than the PNB fraud, officials had said. The total amount of the PNB case is about Rs.13,400 crore. It is being suspected by the probe agency that the case is similar to the one used in the PNB scam including fake letters of the undertaking of banks.
The alleged bank loan fraud is suspected to have been executed by the Vadodara-based pharma company and its main promoters Nitin Sandesara, Chetan Sandesara, and Deepti Sandesara. All of them are escaping.
“The main promoters (of the Sterling group) have not only siphoned off loan funds to finance their Nigerian oil business but also for their personal purposes,” the agency said.
“Investigations revealed that the group was engaged in round-tripping of standby letters of credit (SBLCs) funds to the tune of Rs. 4,500 crore by violating conditions laid by the RBI while sanctioning the loan,” the ED added.