SC agrees to $570mn settlement by Sandesaras in $1.6bn fraud case
The Supreme Court has agreed to drop criminal charges against fugitive billionaire brothers Nitin and Chetan Sandesara in a $570 million settlement, Reuters reported, citing court filings. The brothers have been accused of defaulting on domestic bank loans worth $1.6 billion. The apex court has set December 17 as the deadline for payment.