Delhi court grants bail to Unitech promoters Sanjay and Ajay Chandra in homebuyers' money siphoning case, but they remain in prison as awaiting bail in a PMLA case.

A Delhi court has granted bail to former Unitech promoters Sanjay Chandra and Ajay Chandra in a case involving allegations of siphoning homebuyers' money. However, they are unlikely to be released as they are still awaiting bail in a Prevention of Money Laundering Act (PMLA) case being investigated by the Enforcement Directorate (ED). The Chandra brothers, who have been in prison since 2017, were arrested in 2015 over complaints filed by around 173 homebuyers. They also face additional cases filed by the Delhi Police, CBI, and ED, as well as two more CBI probes.

January 27, 2024
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