Albanian authorities say they have arrested an Indian citizen wanted in his country for money laundering.
A statement Friday by Albanian police said the individual, identified only as H.P., 59, was arrested at an airport trying to leave the country. The police say he is a resident of Nigeria.
A court in New Delhi, India, had issued an international arrest warrant for the individual for money laundering. Albanian authorities have started extradition procedures.
Albania's private Top Channel television station named the individual as Hiteshkumar Patel, the brother in law of Cetan Sandesaras.
Sandesaras and his brother Nitin own the Sterling Biotech company and borrowed SD 725 million before leaving India. Last year they got Albanian citizenship.
It is unclear whether the Sandesaras brothers are in Albania.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
