SC allows Delhi police to take custody of Amrapali

SC allows Delhi police to take custody of Amrapali

The Supreme Court. DH file photo

The Supreme Court on Thursday allowed Delhi Police to take custody of embattled real estate Amrapali group's CMD Anil Sharma and two directors and ordered it to investigate entire scenarios, including diversion of funds and creation of companies.

The top court also directed attachment of personal properties of Sharma and other directors.

"Let the Police investigate the entire gamut of the scenario of the various projects and investigate the entire matter. Prima facie, we find that the case requires serious investigation in the facts projected by the Directors, CFO and the statutory auditors," a bench of Justices Arun Mishra and U U Lalit said.

The court allowed a plea by the Economic Offence Wing (EoW) of Delhi Police to arrest Amrapali directors -- Shiv Priya and Ajay Kumar in the case.

"We had never stopped any agency from arresting the directors, who are presently housed at a hotel under the detention of UP police," the bench said.

The court also directed forensic auditors to complete their probe on divergence of Rs 3000 crore homebuyers' money by Amrapali group before March 22, before putting the matter for further consideration on March 26.

A batch of petitions was filed by home buyers who are seeking possession of around 42,000 flats booked in projects of the Amrapali Group.

The three directors including the CMD were in the custody of UP police till now as per the direction of the apex court in the case filed by home buyers.

The court directed for furnishing all documents showing operational methods for diversion of funds and creation of companies, to the Delhi police.