New Delhi: The Enforcement Directorate (ED) on Tuesday arrested RK Arora, chairman of real estate company Supertech, in a money laundering case.
RK Arora was taken into custody under criminal sections of the Prevention of Money Laundering Act (PMLA) after the third round of questioning.
Earlier in April, the ED had provisionally attached 25 immovable properties in Rudrapur, Uttarakhand and Meerut Mall, Meerut, UP worth Rs 40.39 crore belonging to Supertech Group of Companies and their directors under the provisions of the Prevention of Money Laundering Act 2002.
Money laundering cases have been registered against Supertech Group, its directors and promoters in several police stations in Delhi, Haryana and Uttar Pradesh. Supertech and its directors were accused of cheating in the FIR. They had collected money from the home buyers as advance for the booked flats but failed to hand over the flats to them.
In April, the ED had attached assets worth over Rs 40 crore of the real estate group and its directors. Last year, following a court order, the illegal twin towers of Supertech in Noida were demolished using over 3000 kg of explosives.
