Court dismisses bail plea of two Unitech promoters, sends them to judicial custody till April 20

New Delhi: A Delhi court on Thursday dismissed bail plea of two Unitech promoters in the alleged real estate fraud case and sent them to judicial custody till April 20.

 

Unitech Ltd promoters Ajay Chandra and Sanjay Chandra are facing fraud charges related to a Gurugram-based real estate project.

The court had on April 1 sent both the accused to two-day police custody after the probe agency said their custodial interrogation was required to find out the alleged money trail, beneficiaries of the transactions and recovery of project related documents and other evidence.

In its plea, the police had sought remand of both the accused, claiming they were not cooperating in the probe.

According to police, the case was registered on July 31, 2015 in compliance of July 27, 2015 order passed by a Delhi court on the complaint of Delhi residents Arun Bedi and his mother Urmila Bedi.

They alleged that they were induced by the firm to book a flat in August 2011 in the residential project named 'Wild Flowers Country' in Gurugram for floors by the name Anthea Floors for total consideration of Rs 57.34 lakh.

They had alleged that after passing of stipulated time, the builder had not delivered the possession, adding that the firm, in connivance with others, cheated the public at large.

Later, 90 more complaints were received against the firm for the same project which were clubbed with the present FIR.

The agency claimed that around Rs 363 crore was collected by the firm, out of which over Rs 35 crore was received from 91 complainants who are part of the present complaint.

With PTI Inputs