Breaking News SC grants bail to ex-Unitech promoter Sanjay Chandra

SC grants bail to ex-Unitech promoter Sanjay Chandra

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New Delhi, Jun 4 (ILNS) The Supreme Court today granted interim bail to former Unitech promoter Sanjay Chandra for 15 days, owing to the death of his father-in-law on May 31.

The Bench of Justices Indira Banerjee and MR Shah granted bail to Chandra, to attend the last rites of his father-in-law.

Chandra was arrested by the Economic Offenses Wing of Delhi Police on the night of March 31, 2017 on charges of financial irregularities. Police arrested him under Sections 420, 406 and 120B of the Indian Penal Code.

There is an allegation against him that he was wrongly channelising the funds of one project to another. His arrest was made after a complaint was made by the investors.

Sanjay was in jail for the past several years for a bunch of cheating and fraud cases in relation to non-delivery of houses and diversion of money.

On January 20, the Supreme Court had ordered the Central government to take over Unitech. The Supreme Court had appointed former Haryana IAS officer YS Malik as the CMD of Unitech. On December 7, 2018, the Supreme Court ordered a forensic audit of Unitech. ILNS/DS/RJ

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