Supreme Court allows Sandesara brothers to settle $1.6-billion fraud case

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The Supreme Court has offered a deal to billionaire brothers Nitin and Chetan Sandesara. They can avoid criminal charges in a $1.6 billion bank fraud case. The brothers must pay about $570 million by December 17. This payment is one-third of the total dues. The court’s decision could influence future settlements for economic offenders in India.

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Supreme Court allows Sandesara brothers to settle $1.6-billion fraud case

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