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Duty Sessions Judge Devender Kumar Jangala sent Arora to the custody of the Enforcement Directorate on an application filed by the agency
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
RK Arora, the promoter of real estate group Supertech, has been arrested by the Enforcement Directorate in an alleged money laundering case, sources said.
"This proposed interim funding will be utilised for construction. The collections from sold units and units to be sold will be used to clear outstanding amounts of existing banks and NBFCs, new investors, and authorities," RK Arora said.
Realty firm Supertech Ltd plans to raise around Rs 1,600 crore from institutional investors by July to complete its 18 ongoing housing projects across Delhi-NCR, its Chairman RK Arora said.