Supertech Chairman RK Arora arrested in money laundering case: Report
The Enforcement Directorate arrested real estate developer Supertechs Chairman and Managing Director RK Arora in connection with a money laundering case, news agency ANI reported citing officials.
The Enforcement Directorate arrested real estate developer Supertech's Chairman and Managing Director RK Arora in connection with a money laundering case, news agency ANI reported citing officials.
Arora's arrest was made under the Money Laundering Act by the Enforcement Directorate based on FIRs filed by the Delhi Police, the Haryana Police, and the Uttar Pradesh Police, according to the report.
In April, the Enforcement Directorate attached 25 immovable properties, owned by the Supertech group of companies and its directors, located in Uttarakhand and Uttar Pradesh in accordance with the provisions of the Money Laundering Act. The properties were worth an estimated Rs 40.39 crore.
According to an ED spokesperson, the company and its directors are accused of failing to provide timely possession of flats to potential homebuyers after collecting payments from them as advance bookings.
According to the ED representative, the company committed fraud with public funds.
With inputs from agencies
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