NEW DELHI: Sanjay Chandra, Managing Director of real estate firm Unitech, and his brother Ajay Chandra were arrested this morning by the Economic Offences Wing (EOW) of the Delhi Police, an officer said. A Delhi court today sent both the brothers to police custody till April 3.
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. Mr Chandra, according to the police, invested flat buyers' money in another shell company
"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 Rs 35 crore," said Delhi Police spokesperson Madhur Verma.
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, Mr Verma added.
Mr Chandra was arrested in 2011 in the 2G spectrum case and spend eight months in the jail before being released on bail in November 2011.
(With inputs from agencies)
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. Mr Chandra, according to the police, invested flat buyers' money in another shell company
"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 Rs 35 crore," said Delhi Police spokesperson Madhur Verma.
Mr Chandra was arrested in 2011 in the 2G spectrum case and spend eight months in the jail before being released on bail in November 2011.
Advertisement
COMMENTS
Advertisement
Money Laundering Charges Against Trinamool's Saket Gokhale: Probe Agency "5,000 Laundering Cases, 40 Convictions": Probe Agency Gets Supreme Court's Rap Supreme Court Grants Bail To NCP Leader Nawab Malik On Medical Grounds Nurse Raped, Killed On Way Home, Body Found 9 Days Later In UP "Don't Expect Anything From Me": Kolkata Hospital's New Principal Loses Cool "Took Advantage Of His Addiction": 5 Charged Over Matthew Perry's Death Ukraine, Russia Both Claim Advances In Kursk Region Gaza Ceasefire Talks Underway In Qatar As Deaths Top 40,000 Trump To Hold Press Conference, His Campaign Adds Senior Advisers Track Latest News Live on NDTV.com and get news updates from India and around the world.