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  1. Unitech money laundering case: Court rejects bail plea to promoters, sends Sanjay Chandra and Ajay Chandra to Tihar jail

Unitech money laundering case: Court rejects bail plea to promoters, sends Sanjay Chandra and Ajay Chandra to Tihar jail

Rejecting the bail plea of Unitech promoters Sanjay Chandra and Ajay Chandra, the Special Court stated that from the very beginning the intention of the promoters was to 'cheat' customers in a Gurgaon-based real estate project.

By: | New Delhi | Published: August 12, 2017 4:47 PM
Unitech money laundering case, Sanjay Chandra, ajay Ajay Chandra, tihar jail, ACMM, delhi, Gurgaon, Gurgaon real estate project Unitech Ltd collected Rs 363 crore, the Special Court said that only land filling work was done and a few sewerage pits were constructed on the site. (File pic: IE)

Rejecting the bail plea of Unitech promoters Sanjay Chandra and Ajay Chandra, the Special Court stated that from the very beginning the intention of the promoters was to ‘cheat’ customers in a Gurgaon-based real estate project. The Indian Express quoted the Special Judge Rakesh Pandit as saying,”It appears that the intention of the M/s Unitech Company and its managing director, from the very beginning, was to cheat. In these circumstances, on merits, no ground exists for bail. Accordingly, the bail application is dismissed.” The Special Court also stated that after examining the records it appeared that for the purpose of constructing the residential colony, the accused and their company were taking payments without having requisite approvals from government authorities, the report said.

Later the court directed the accused be taken to Tihar Jail and be produced on August 11 in front of the Additional Chief Metropolitan Magistrate (ACMM) concerned. By the order of the ACMM court, Sanjay and Ajay Chandra were sent to judicial custody till August 25. On the complaint of Delhi residents Arun Bedi and an FIR was registered on May 31, 2015 by the Economic Offences Wing of the Delhi Police, as per the records of the court. The complainant and other applicants, which concluded to 152 in total, applied for residential accommodation in the project.

Unitech Ltd collected Rs 363 crore, the Special Court said that only land filling work was done and a few sewerage pits were constructed on the site. Apart from these, no construction work started, stated the record. The accused were arrested in April and later granted three-month interim bail by Additional District and Sessions Judge Raj Kapoor.

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