Delhi Patiala House Court today dismissed the bail plea of Supertech Chairman and Promoter RK Arora in a money laundering case. Additional Sessions Judge (ASJ) Devender Kumar Jangala dismissed the bail plea of RK Arora.
The court stated that the bail application is being dismissed on the grounds of maintainability. Reportedly, RK Arora is on interim bail granted to him on January 16 for 30 days on medical grounds. RK Arora had moved for interim bail, mentioning that he had lost 10 kg in custody. The Supertech chairman and promoter was arrested on June 27, 2023 by the Enforcement Directorate.
Previously, the trial court took cognizance of the chargesheet lodged by the Enforcement Directorate against RK Arora and others. The court also issued summons to all accused named in the chargesheet and firms through their representatives. The Enforcement Directorate’s Special Public Prosecutors Naveen Kumar Matta, Manish Jain and Mohd Faizan had appeared in the matter before the court.
Earlier, the ED apprised the court that 23 FIRs were lodged by the Economic Offences Wing (EOW), Delhi Police, Haryana Police and UP Police against Supertech Limited and its group companies under Section 120B (criminal conspiracy), 406 (criminal breach of trust)/420 (cheating)/467/471 of the Indian Penal Code having allegations of cheating at least 670 home buyers for an amount of Rs 164 crore.
The ED also alleged that the amount collected by Supertech Ltd. was diverted to their group companies for the purchase of properties, with land having much lesser value. It further alleged that the accused persons have acquired properties and made illegal gains from the said proceeds of crime by involving, indulging and commissioning criminal activities related to scheduled offences. It is stated that the prima facie case for the commission of an offence punishable under Section 3 and Section 4 of the PML Act has been made.
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