Unitech MD arrested for allegedly duping investors
The Managing Director of Unitech Sanjay Chandra have been arrested for alleged money laundering.
1 April 2017 8:15 AM GMT
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 Sanjay 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.
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