ED take the grip of the senior officials in Amrapali Group
Amarpali is once again in light for wrong reasons. The Lucknow branch of the Enforcement Directorate (ED) arrested chief financial officer of Amrapali Group, ChandraWadhwa from Delhi on charges of multi-crore financial fraud committed by the Amrapali Group.
The charges include diversion of 42,000 homebuyers' money in UP and National Capital Region (NCR). The ED had registered a case under the Prevention of Money Laundering Act, 2002, against the firm in July 2019.
An ED official said that probes into various projects of Amarpali in UP at NCR began as early as 2010. The agency is also probing how the officers in the then governments gave permission to the firm for carrying forward one project after another despite multiple complaints of non-completion of projects lodged against it. Sources said, the ED also wants to make Wadhwa sit face-to-face with other arrested accused
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