ED files chargesheet against Supertech chairman RK Arora

The Enforcement Directorate (ED) filed a chargesheet against RK Arora, chairman of Supertech Limited, on Thursday, August 25. The chargesheet has been filed against the real estate major Supertech, its eight companies, and the promoter in a money laundering case in Delhi's Patiala House Court.

The nearly 100-page chargesheet, presented before Special Judge Devender Kumar Jangala on Thursday, stated that there was sufficient evidence to prosecute Arora for money laundering. The court set August 28, 2023, as the date for arguments on the chargesheet's cognisance point. The chargesheet has been filed by the ED's counsels, Naveen Kumar Matta and Mohd Faizan Khan.

On June 27, Arora was arrested under the criminal sections of the Prevention of Money Laundering Act (PMLA). Last month, Patiala House Court sent Supertech's chairman to judicial custody till July 24, 2023.

Rs 164 crore money laundering case

Earlier, the ED apprised the court that 26 FIRS were registered by the Economic Offences Wing (EOW), Delhi Police, Haryana Police, and the UP Police against Supertech Limited and its group companies under Section 120B (criminal conspiracy), read with Sections 406 (criminal breach of trust)/420 (cheating)/467/471 IPC, with allegations of cheating at least 670 home buyers for an amount of Rs 164 crore.

Supertech has been in news since the Supreme Court ordered the demolition of the twin towers in Noida last year. The towers were demolished in August 2022 as they were built through "acts of collusion between the officers of Noida and the company", and sanctioned the prosecution of officials for violation of the UP Industrial Area Development Act, 1976, and the UP Apartments Act.

After multiple delays, the twin towers were demolished on August 28, 2022.

Arora was detained on May 8, 2023

On May 8, 2023, Arora was detained by Dadri tehsil officials for not returning home buyers' money. However, after he made a settlement with the buyers and sought time to deposit the outstanding amount, he was released.

Earlier, it was learned that UP Rera had recommended the Gautam Buddha Nagar administration take action against the high-profile builder.