Delhi Police arrests Unitech directors

Real estate company Unitech`s Managing Directors Sanjay Chandra and Ajay Chandra were arrested on Saturday by the Economic Offences Wing (EOW) of the Delhi Police, an officer said.

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.

"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.

He added that 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.

Both would be presented before a Delhi court for remand proceedings on Saturday afternoon.