A Delhi court on June 6 granted bail to Supertech chairman and promoter R.Ok. Arora in a money laundering case.
Additional Sessions Judge Devender Kumar Jangala granted reduction to Mr. Arora, noting that there was no probability of him evading the trial or influencing the investigation.
Mr. Arora was arrested in June 2023.
As many as 26 FIRs had been registered by the Economic Offences Wing (EOW), Delhi Police, Haryana Police and Uttar Pradesh Police towards Supertech Limited and its group corporations, and Arora, for prison conspiracy, dishonest and prison breach for allegedly dishonest at the least 670 residence patrons for an quantity of Rs 164 crore.
The Enforcement Directorate (ED) filed a cased a case based mostly on the FIRs to probe alleged money laundering by the accused, in accordance to which the quantity collected by Supertech Ltd. was diverted to their group corporations for the acquisition of properties and the corporate with land having a lot lesser worth.
The ED alleged that the accused individuals have acquired properties and made unlawful and wrongful achieve arising out of the stated proceeds of crime by involving, indulging and commissioning prison actions associated to scheduled offences.
