Congress: PSUs bought crude from Sandesara firm after he fled

The Congress Monday accused Indian PSUs of getting bought crude oil value over Rs 5,000 crore from an entity related to Nitin Sandesara’s Sterling Biotech even after he and his circle of relatives fled India in 2017 after their trade had come below the scanner of investigative companies.

The birthday celebration alleged that from January 1, 2018 to May 31, 2020, shipments value Rs 5,701.83 crore of crude oil have been gained from SEEPCO Nigeria by way of Indian oil PSUs. It claimed Sterling Oil Exploration and Energy Production Company Ltd. (SEEPCO) is a Sterling Biotech team entity.

The birthday celebration’s declare got here days after The Indian Express reported that Sandesara had, after fleeing India, shaped six offshore companies in 2017-18 to amplify their oil business with quite a lot of international locations, together with India.

Attacking the federal government, the Congress sought to understand why “oil PSUs indulge in repeated business with economic offenders”.

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