Unitech MD Sanjay Chandra arrested by Delhi Police

Last year, a court in New Delhi had ordered initiation of proceedings against the company in a case of alleged cheating , lodged by an investor for not giving him possession of a flat booked in 2006 in Greater Noida.

By: Express Web Desk | New Delhi | Updated: April 1, 2017 2:49 pm
unitech, unitech MD, unitech MD sanjay chandra, sanjay chandra, unitech flat, unitech greater noida, unitech case Sanjay Chandra, managing director of Unitech

Unitech Managing Director Sanjay Chandra was arrested by the Economic Offences Wing of the Delhi Police late Friday night in connection with a money laundering case. Unitech, a real estate firm, and its top executives have been accused by home buyers of duping them after they failed to hand over flats in a Gurgaon housing project.

“The accused, Ajay Chandra and Sanjya Chandra of Unitech, have been arrested for not developing a project, Anthea Floors, at Gurugram,” a police officer was quoted as saying to news agency PTI. “Ninety-one people have invested Rs 35 crore in the project. The probe into the case is being monitored by a trial court,” the officer added.

Last year, a court in New Delhi had ordered initiation of proceedings against the company in a case of alleged cheating , lodged by an investor for not giving him possession of a flat booked in 2006 in Greater Noida. The flat was to be handed over by April 2008 but the company had failed to do so.

Chandra will be produced in court later today.

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