The Enforcement Directorate on Wednesday filed a chargesheet against the director of Gujarat-based pharmaceutical company Sterling Biotech in connection with alleged loan defaults worth Rs 5,383 crore, PTI reported.

The agency filed the chargesheet against Rajbhushan Omprakash Dixit in the court of Additional Sessions Judge Satish Arora in New Delhi. The court had sent Dixit to judicial custody in February.

In October 2017, the Central Bureau of Investigation had filed a case against the company. The CBI alleged that the company secured the loans from a consortium of banks led by the Andhra Bank, and these have now turned into non-performing assets. The investigating agency had then booked Sterling Biotech’s directors Chetan Jayantilal Sandesara, Dipti Chetan Sandesara, Rajbhushan Omprakash Dixit, Nitin Jayantilal Sandesara and Vilas Joshi, and chartered accountant Hemant Hathi, former director of Andhra Bank Anup Garg and other unidentified people in connection with the case.

The Enforcement Directorate also registered a money laundering case against the company and its promoters Nitin Sandesara and Chetan Sandesara in October after suspecting that they had siphoned off most of the loans. It then conducted about 50 searches at various locations in the country.

In June, the Enforcement Directorate attached assets worth Rs 4,701 crore in the case.