Supertech's head sent to ED custody till July 10
One-liner: A Delhi court on Wednesday sent R K Arora, the owner of the real estate firm Supertech, to the ED's custody for interrogation till July 10 in a money-laundering case.
Sent to ED custody: Duty Sessions Judge Devender Kumar Jangala sent Arora to the custody of the Enforcement Directorate on an application filed by the agency.
Larger conspiracy: The ED in its application seeking Arora's 14-day custody told the court that the accused was required to be interrogated to unearth a larger conspiracy in the case.
3rd round of questioning: The ED had taken Arora into custody on Tuesday under the criminal sections of the Prevention of Money Laundering Act (PMLA), following a third round of questioning at the federal agency's office in Delhi.
Money laundering: The money-laundering case against the Supertech group, and its directors and promoters, stems from a clutch of FIRs registered by the police in Delhi, Haryana, and Uttar Pradesh.
Funds collected from buyers: Special Public Prosecutor N K Matta, appearing for the ED along with advocate Faizan Khan, told the court that the company and its directors had indulged in a criminal conspiracy to cheat people by collecting funds from prospective buyers as an advance against flats booked in real estate projects.
General public cheated: He said the firm failed to adhere to the agreed obligation of providing the possession of the flats on time and thus defrauded the general public.