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Supreme Court cancels interim bail of Unitech promoter

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Tribune News Service

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New Delhi, August 14

The Supreme Court (SC) on Friday dismissed the bail plea of Unitech promoter Sanjay Chandra and his brother Ajay Chandra, who are facing criminal cases for allegedly duping homebuyers.

A Bench headed by Justice DY Chandrachud, which had last month given interim bail to Sanjay Chandra, directed him to surrender immediately. It turned down his lawyer’s request to give him two weeks to surrender.

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The top court noted that the brothers failed to deposit Rs 750 crore as directed by it earlier. It asked the Delhi Police to investigate all aspects of illegalities including siphoning of funds by them as pointed out by forensic auditors.

It also sought a comprehensive affidavit, giving details of the steps taken by the investigative agencies on the forensic audit report.

The SC had on July 7 given interim bail for a month to Sanjay, who is facing criminal cases in connection with his company’s failure to deliver flats to homebuyers, on the ground that his parents had been diagnosed with Covid-19. The Bench, however, had denied a similar relief to his younger brother Ajay Chandra, who has been in jail for almost three years.

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