Supertech Chairman RK Arora’s Bail Plea Dismissed in Money Laundering Case

Supertech Chairman RK Arora's Bail Plea Dismissed in Money Laundering Case

VoM News Desk | January 24, 2024 | 05:28 PM IST | Breaking News, Courts & Law | Follow on Google News

Supertech Chairman RK Arora’s Bail Plea Dismissed in Money Laundering Case

Supertech Chairman RK Arora’s Bail Plea Dismissed in Money Laundering Case

Delhi’s Patiala House Court has dismissed the bail plea of RK Arora, Chairman and Promoter of Supertech, in a money laundering case. Arora, arrested on June 27, 2023, sought regular bail. The court had earlier granted interim bail for 30 days on medical grounds. The Enforcement Directorate opposed the bail plea, and a detailed order is awaited. The prosecution complaint (chargesheet) filed by ED alleges that Supertech and its group companies cheated at least 670 home buyers for Rs 164 crore, diverting funds to purchase properties with inflated values.

Supertech Chairman’s Bail Plea Rejected in Money Laundering Case

The Patiala House Court in Delhi has rejected the bail plea of RK Arora, Chairman and Promoter of Supertech, in a money laundering case. Arora, arrested on June 27, 2023, sought regular bail, but the court dismissed the plea. Earlier, on January 16, 2024, the court granted him interim bail for 30 days on health grounds, as he had lost 10 kg in custody. The Enforcement Directorate had filed a prosecution complaint alleging Supertech’s involvement in cheating home buyers and diverting funds for property purchases.

Supertech Chairman RK Arora Denied Bail in Money Laundering Case

RK Arora, Chairman and Promoter of Supertech, has been denied bail by Delhi’s Patiala House Court in a money laundering case. The court dismissed Arora’s bail plea, who was arrested on June 27, 2023. Earlier, on January 16, 2024, the court had granted him interim bail for 30 days on health grounds. The Enforcement Directorate opposed the bail, and a detailed order is awaited. The chargesheet alleges Supertech cheated home buyers and diverted funds for property purchases with inflated values.

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