Court denies bail, says send Unitech promoters to Tihar jail

The Special Court stated that from the perusal of records, it appeared that the accused and their company were taking “payments” without having "requisite approvals" from government authorities for the purpose of construction of a residential colony.

Written by Abhishek Angad | New Delhi | Published:August 12, 2017 4:44 am

 

Unitech, Unitech promotors, Sanjay Chandra, Ajay Chandra, delhi court, Tihar jail, d The court said that as per the probe, Unitech Limited came up with a residential property, ‘Wild Flowers Country’, in Gurgaon. (File photo)

A Special Court has rejected the bail plea of Unitech promoters Sanjay Chandra and Ajay Chandra, stating that the intention of the promoters from the very beginning was to “cheat”.

Special Judge Rakesh Pandit, while rejecting the bail plea on August 9, said, “It appears that the intention of the M/s Unitech Company and its managing director, from the very beginning, was to cheat. In these circumstances, on merits, no ground exists for bail. Accordingly, the bail application is dismissed.”

The court then directed that the accused be taken to Tihar Jail and later be produced on August 11 in front of the Additional Chief Metropolitan Magistrate (ACMM) concerned. The accused were sent to judicial custody till August 25 by the order of the ACMM court.

The Special Court stated that from the perusal of records, it appeared that the accused and their company were taking “payments” without having “requisite approvals” from government authorities for the purpose of construction of a residential colony.

According to court records, a complaint was filed by one Arun Bedi and an FIR was registered on May 31, 2015 by the Economic Offences Wing of the Delhi Police. The court said that as per the probe, Unitech Limited came up with a residential property, ‘Wild Flowers Country’, in Gurgaon. The complainant and other applicants — 152 in total — applied for residential accommodation in the project. The accused were arrested in April and later granted three-month interim bail by Additional District and Sessions Judge Raj Kapoor.

The Special Court said that Rs 363 crore was collected by Unitech Ltd, but only “land filling” work was done and a “few sewerage pits” were constructed on the site. “No construction work has started,” stated the record.

“It did not have any demarcation-cum-revised layout plan. No zoning plan and building plan was submitted by Unitech Ltd. There were outstanding dues with government authorities. No environment clearance was obtained at the time of taking booking,” stated the court records.

During the bail plea, the counsel for the accused said that they are reaching “settlement with a number of persons” and till date, about 50 people have settled the matter.

The plea was opposed by the prosecutor, who stated that the accused was not making the full and final payment. The prosecution alleged that the money was “siphoned off”.

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  1. C
    Chiranjib Banerjee
    Aug 20, 2017 at 8:28 am
    It is really pathetic that as a country we did not have enough law to control these checks and balances. Doubt how many projects Unitech has actually completed fully and handed over. NCR is worst affected by these rogue builders. They have done same fraud for Unitech Exquisite in Sec 71 at Gurgaon and Sec 117 in NOIDA. Our personal credit rating with banks are getting challenged. All Unitech home buyers having unfinished fully paid up flats should collectively move to FM and PM to find out a solution. With most money siphoned off in their Uninor venture and into their Swiss and Panama Accounts it's the honest tax payer who is getting slaughtered. Putting up the Chandra s for a jail term is not the solution. It is important that the coomon people who invested gets back their money
    Reply
  2. S
    Swaty
    Aug 15, 2017 at 9:00 am
    It's the same with Harmony in Nirvana... bloody cheats. So many people at a loss because of Unitech. Hang them.
    Reply
  3. A
    Ashok Leekha
    Aug 14, 2017 at 11:45 am
    The action on UNITECH Director by ACMM COURT directing him to be placed in Tihar Jail is the best that should happen to all cheat builders. It is only by such action that theses chor builders will cough out stolen wealth of simple Invester's who trusted them with their life savings.They have collected money w/o even obligatory approvals from the govt.It shows that they are just bold and care or give a to any authority. They know well the loop wholes in the system and are aware that every concern is up for , and has price fixed on his face. adv( Col) Ashok Leekha
    Reply
  4. G
    GOPAL Chaturvedi
    Aug 12, 2017 at 9:36 pm
    Both deserve to remain behind bars. In fact all such defaulted to meet the same fate.
    Reply
  5. J
    Jaani
    Aug 12, 2017 at 7:17 am
    Please make payments to Nagpur office asap...like lodha, birla, shriram group etc...all charges will be withdrawn
    Reply
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