Page 8 - Supertech Limited News Today

A Delhi court on Wednesday granted the Enforcement Directorate (ED) till July 10 the custody of R K Arora, the chairman and promoter of real estate major Supertech Group, arrested in a money laundering case. Duty Sessions Judge Devender Kumar Jangala remanded Arora in ED custody to facilitate his

The Enforcement Directorate (ED) on Wednesday alleged RK Arora, owner of real estate company Supertech, was the group's main controlling person who decided to "divert" investors and homebuyers money worth crores of rupees to various shell companies.

BREAKING: Real Estate Firm Supertech's Chairman R K Arora Arrested By ED In Money Laundering Case

Arora was arrested after a third round of questioning

The money-laundering case against the Supertech group, its directors and promoters stems from a clutch of FIRs registered by the police departments in Delhi, Haryana and Uttar Pradesh. In April, the ED had attached assets worth more than Rs 40 crore of the real estate group and its directors.

Arora was taken into custody under the criminal sections of the Prevention of Money Laundering Act (PMLA), following a third round of his questioning at the federal agencys office here, they said.

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