ED arrested Supertech owner RK Arora, many cases are registered

ED Arrests Supertech Owner: The Central Investigation Agency ED has arrested RK Arora, chairman of real estate developer Supertech. Sources told that RK Arora has been arrested under PMLA. On Tuesday (June 27), the ED issued summons to RK Arora and called him for questioning.

Cases of cheating with buyers are already registered against Supertech of Companies and its directors in different police stations of Delhi, Haryana and Uttar Pradesh. After which the ED started investigation under PMLA. In the investigation, it was found that a huge amount was taken from the buyers in the name of flats.

These are the allegations on Supertech

They were not given possession on time, as well as loans taken from banks in the name of the project were also used contrary to the rules. When the ED was not satisfied in the inquiry today, RK Arora was arrested. Arora is likely to be produced before a special court on Wednesday.

40 crore property was attached

RK Arora is also the chairman of the National Real Estate Development Council (NEREDCO), an organization of builders. The Enforcement Directorate had said that in April, assets worth over Rs 40 crore of Supertech and its directors were attached under the Anti-Money Laundering Act. This includes 25 immovable properties in Uttarakhand and a mall built in Meerut, UP.

In a statement in April, the ED had said that the company and its directors were involved in a criminal conspiracy to cheat people by collecting money from potential buyers as advance for flats booked in their real estate projects and timely disbursements to the buyers. Failed to give possession.

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