Ed Arrests Supertech Company Owner Rk Arora Under Pmla

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ED Arrests Supertech Owner: Central investigation agency ED has arrested RK Arora, chairman of real estate developer Supertech. Sources said that RK Arora has been arrested under PMLA. On Tuesday (June 27), the ED issued summons to RK Arora for questioning.

Cases of defrauding buyers have been registered against Supertech of Companies and its directors at different police stations in Delhi, Haryana and Uttar Pradesh. After which ED started investigation under PMLA. Investigation revealed that huge amount was taken from buyers in the name of flats.

These are the allegations against Supertech

Possession was not given to them on time, and loans taken from banks in the name of the project were also used against the rules. RK Arora was arrested after the ED was not satisfied with the interrogation today. Arora is likely to be produced in a special court on Wednesday.

40 crore worth of property was seized

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

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