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In a major development, Chairman of construction company Supertech, RK Arora, has been arrested by the Enforcement Directorate (ED) in a money laundering case on Tuesday. The arrest comes after several FIRs were filed against Arora in Delhi, Haryana, and Uttar Pradesh. The ED had been questioning Arora for the past three days and took him into custody following the questioning.
The investigations by the ED are being conducted under the Prevention of Money Laundering Act (PMLA). The FIRs allege that Supertech and its directors collaborated to deceive the public by accepting money from them through various real estate schemes. In addition to this, the company officials have been accused of failing to deliver the possession of properties to the buyers as per their contractual obligations.
(This is breaking news. More details will be added shortly.)
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