Unitech MD arrested for allegedly duping investors
Sanjay Chandra and Ajay Chandra were arrested for not developing a project for which they had received money from investors.
By : DC Correspondent
Update: 2017-04-01 08:32 GMT
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.