Unitech promoters' police custody extended till April 6

| Updated: Apr 03, 2017 21:56 IST

New Delhi [India], Apr. 3 (ANI): A Delhi court today extended the police custody of Unitech Ltd promoters Ajay Chandra and Sanjay Chandra by three more days in an alleged fraud case related to a real estate project. The Economic Offences Wing sought extension of remand to seize documents from their offices. Earlier on Saturday, the court granted two-day custody remand of Unitech MD Sanjay Chandra to the Delhi Police, who was arrested by the Economic Offences Wing on late Friday night. Chandra's counsel Vijay Agarwal informed that the police had asked for three-day remand but the court granted two-day custody instead. According to sources, Chandra is accused of duping buyers who had booked flats in his real-estate project in Greater Noida. Home buyers had accused Unitech of not completing the project and non-payment of their money along with interest. Allegations are also that Chandra fraudulently took money from his clients and parked it in a shell company, thereby laundering it abroad. Earlier, Chandra was arrested by the Central Bureau of Investigation (CBI) in the 2G trial. Chandra had bid and won licence for the Telecom project which he later sold to Norway company Telenor. (ANI)

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