Black Money + Shell Companies = Bank Chor Nitin Sandesara

Satire

Black Money + Shell Companies = Bank Chor Nitin Sandesara

Illustration: Arati Gujar

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nother day, another businessman has fled the country after owing a consortium of banks thousands of crores. The sequel to Bank Chor should feature the trio of Nirav Modi, Mehul Choksi, and Nitin Sandesara because unlike Riteish Deshmukh, they did actually end up making a lot of money.

Sandesara, the absconding director of Sterling Biotech, reportedly opened over 300 shell companies to launder over ₹5,000 crore. His fellow Hall of Famers Nirav Modi and Mehul Choksi also set up over 20 such shadow companies to skirt taxes and launder money. Shell companies are to money launderers what #wanderlust is to travel bloggers and Undertaker is to WWE – indispensable.

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