Supreme Court Approves $570 Million Settlement for Fugitive Billionaire Sandesara Brothers in Major Bank Fraud Case

Nov 25, 2025 01:20 am CST

India's Supreme Court has agreed to drop criminal charges against billionaire Sandesara brothers if they pay $570 million - one-third of their alleged $1.6 billion bank fraud. This landmark settlement could establish a precedent for other fugitive economic offenders seeking similar arrangements, potentially transforming how India handles high-profile financial crimes. The brothers, who fled India in 2017, own significant energy assets in Nigeria and must complete payment by December 17.