Unitech MD arrested for allegedly duping investors

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Unitech MD arrested for allegedly duping investors

New Delhi, Apr 1 (PTI) 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.

This is published unedited from the PTI feed.