SC asks Unitech to deposit Rs 750 cr by December end
The Supreme Court on Monday asked realty major Unitech Managing Director Sanjay Chandra to deposit Rs 750 crore by December…
In connection of a cheating-home-buyers case, Delhi Police on Saturday arrested Unitech Managing Director Sanjay Chandra.
Chandra is accused of duping buyers who had booked flats in Unitech’s Greater Noida residential project.
He was arrested by the Economic Offences Wing (EOW) of the Delhi Police. According to police, Chandra used home buyers’ money in another shell company.
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Meanwhile, home buyers have alleged that Unitech did not complete the project on time and did not refund their money along with interest.
Nearly 90 people had invested Rs.35 crores in the project but never got their flats, according to reports.
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