Amrapali group CMD Anil Sharma to be arrested soon?
The three directors including the CMD were in the custody of UP police till now as per the direction of the apex court in the case filed by home buyers.
The Supreme Court Thursday allowed Delhi Police to arrest Amrapali group CMD Anil Sharma and two directors forthwith in a criminal complaint filed against them. The apex court also directed attachment of personal properties of Sharma and other directors.
It said the Economic Offence Wing (EoW) of Delhi Police can also arrest Amrapali directors -- Shiv Priya and Ajay Kumar in the case. A bench of Justices Arun Mishra and U U Lalit said: "We had never stopped any agency from arresting the directors, who are presently housed at a hotel under the detention of UP police."
Watch This Zee Business Video
The court is seized of a batch of petitions filed by home buyers who are seeking possession of around 42,000 flats booked in projects of the Amrapali Group. The three directors including the CMD were in the custody of UP police till now as per the direction of the apex court in the case filed by home buyers.
Now Delhi Police has been allowed to arrest and interrogate them in a separate case of cheating lodged with its EoW wing.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
04:18 PM IST