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Unitech MDs Sanjay And Ajay Chandra Arrested By Delhi Police In Money Laundering Case

The duo will be presented before a Delhi court for remand proceedings on Saturday afternoon.

01/04/2017 11:27 AM IST | Updated 01/04/2017 11:45 AM IST
ANI/ Twitter

NEW DELHI -- Real estate company Unitech's Managing Directors Sanjay Chandra and Ajay Chandra were arrested on Saturday by the Economic Offences Wing (EOW) of the Delhi Police, an officer said.

The Chandras were booked for cheating buyers as Unitech failed to complete a project in Gurugram's Sector 70 on time and also did not refund the money along with the interest.

"A team of the EOW went to Gurugram on Friday night and raided the residence of Sanjay Chandra and Ajay Chandra. The team arrested them for money laundering of around ₹35 crore," said Delhi Police spokesperson Madhur Verma.

He added that there were 91 complaints against the Chandra brothers in connection with the Gurugram project for which valid permission from the competent authority was not taken.

Both would be presented before a Delhi court for remand proceedings on Saturday afternoon.

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