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)
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.
( Source : PTI )
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