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

SC grants bail to ex-Unitech promoter Sanjay Chandra


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


Please enter your comment!
Please enter your name here

Latest news

Rotary and Tata Trusts to collaborate in Cancer care, Covid care, Nutrition, Rural Uplift Livelihoods, to supplement efforts towards strengthening the nation

New Delhi, July 14 (ILNS) The Tata Trusts and Rotary today announced a five-year collaboration to scale...

Bar Council of Delhi distributed more than Rs 19 crore to lawyers during lockdown: BCD Chairman Ramesh Gupta

New Delhi, Jul 14 (ILNS) The Bar Council of Delhi is reaching out to the lawyers, who...

NGT flays Haryana over sewage overflow on National Highway-19

New Delhi, Jul 14 (ILNS) The National Green Tribunal has pulled up the state of Haryana over...

SC issues notice to UP govt for going ahead with Kanwar Yatra, amid COVID-19 pandemic

New Delhi, Jul 14 (ILNS) The Supreme Court today took suo motu cognisance and issued notice to the Uttar...

Government decision is unconstitutional, SC strikes down Tribunal Reforms Ordinance,2021

New Delhi, Jul 14 (ILNS) The Supreme Court today struck down the provisions of the Tribunal Reforms...

AP knocks SC doors over illegal use of water from inter-state irrigation projects

New Delhi, Jul 14 (ILNS) The state of Andhra Pradesh has filed a petition before the Supreme Court to...

Must read

You might also likeRELATED
Recommended to you