Nation Current Affairs 01 Apr 2017 Unitech MD arrested ...

Unitech MD arrested for allegedly duping investors

PTI
Published Apr 1, 2017, 2:02 pm IST
Updated Apr 1, 2017, 2:11 pm IST
Sanjay Chandra and Ajay Chandra were arrested for not developing a project for which they had received money from investors.
Managing Director of Unitech Sanjay Chandra (R) (Photo: File/PTI)
 Managing Director of Unitech Sanjay Chandra (R) (Photo: File/PTI)

New Delhi: Delhi Police's Economic Offences Wing has arrested the Managing Director of Unitech and another person for allegedly not developing a project despite receiving funds from investors, police said.

"The accused, Ajay Chandra and Sanjya Chandra of Unitech, have been arrested for not developing a project, Anthea Floors, at Gurugram," a police officer said.

 

"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 said.

It is learnt that the investors had also approached the Delhi High Court in this regard.

...
Location: India, Delhi, New Delhi




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