R K Arora

Court grants bail to Supertech chairman RK Arora in money laundering case

A Delhi court on Thursday granted bail to Supertech chairman and promoter R K Arora in a money laundering case. Additional Sessions Judge Devender Kumar Jangala granted relief to Arora, noting that there was no likelihood of him evading the trial or influencing the investigation. Arora was arrested in June last year. As many as 26 FIRs were registered by the Economic Offences Wing (EOW), Delhi Police, Haryana Police and Uttar Pradesh Police against Supertech Limited and its group companies, and Arora, for criminal conspiracy, cheating and criminal breach for allegedly cheating at least 670 home buyers for an amount of Rs 164 crore. The Enforcement Directorate (ED) filed a cased a case based on the FIRs to probe alleged money laundering by the accused, according to which the amount collected by Supertech Ltd was diverted to their group companies for the purchase of properties and the company with land having much lesser value. The ED alleged that the accused persons have acquired .

Delhi HC denies default bail to Supertech chairman in money laundering case

The Delhi High Court has dismissed a plea by R K Arora, the chairman and promoter of real estate major Supertech Group, seeking default bail in a money laundering case. The high court rejected Arora's contention that on the date of filing of the prosecution complaint (charge sheet) the investigation was incomplete as the chargesheet was not accompanied by FSL report and the Enforcement Directorate (ED) had issued summons to another person in the case after filing the prosecution complaint. The respondent (ED) has already submitted the requisite documents for obtaining expert opinion from the Forensic Science Laboratory (FSL). Preparation of the FSL report is not in the control of the investigating agency, though it can take steps for expediting the process. It is the categorical stand of the respondent that the investigation against the present petitioner is complete. Mere issuance of summons to another person or seeking leave of the court to file additional evidence, without there

Not entitled to default bail: HC rejects Supertech's promoter Arora's plea

Default bail is enshrined in Section 167(2) of the CrPC, which states that when an accused is arrested and detained in custody, the investigation must be completed within a specified time frame

Delhi HC issues notice to ED on Supertech chief RK Arora's bail plea

Recently, the Court had granted interim bail for 30 days to R K Arora on medical and health ground

HC asks Supertech chairman to respond to ED's plea challenging interim bail

The Delhi High Court Friday sought response of R K Arora, the chairman and promoter of realty major Supertech Group, on a plea by the Enforcement Directorate (ED) challenging an order granting him interim bail on medical grounds in a money laundering case. Justice Manoj Kumar Ohri issued notice to Arora and asked him to file a reply to the petition. The high court noted that Arora, who was granted interim bail by a trial court here on Tuesday, has already been released from jail and listed the matter for further hearing on February 9. While granting interim bail to Arora on medical grounds, the trial court had directed him not to leave the National Capital Territory of Delhi or country without prior permission of the court and ordered him to surrender his passport in the court. It had also said that he will not use the liberty of interim bail for any other purpose except for better medical treatment/surgery, and better nursing and nutritional care. Arora had sought interim bail fo

Court denies 'default bail' to Supertech chief in money laundering case

A Delhi court has denied 'default bail' to R K Arora, the chairman and promoter of real estate major Supertech Group, in a money laundering case. Additional Sessions Judge Devender Kumar Jangala dismissed the application moved by Arora which argued he should be granted bail since the central probe agency had filed an 'incomplete charge sheet' against him. The judge rejected the contention, observing that the ED had completed the investigation against Arora. "It is clear from the above discussions that the prosecution on completion of investigation has filed the complaint against the accused persons named in the complaint including the applicant Ram Kishor Arora," the judge said in an order passed on October 14. Jangla noted that considering the sufficiency of material on record, the court had already taken the cognizance of commission of alleged offence in an order passed on September 26. "The order passed by this court at the time of taking the cognizance itself implies that the

Supertech's Arora main person who decided to divert homebuyers' funds: ED

The ED on Wednesday alleged R K Arora, owner of real estate company Supertech, was the group's main controlling person who decided to "divert" investors and homebuyers money worth crores of rupees to various shell companies. Ram Kishor Arora was arrested under the anti-money laundering law on Tuesday. Earlier on Wednesday, he was sent to Enforcement Directorate (ED) custody till July 10 by the court of Duty Sessions Judge Devender Kumar Jangala. "The arrest is made in connection with the investigation being done against the Supertech Group for diverting, siphoning off and misappropriating funds of investors and customers," the ED said in a statement. The money laundering case, filed under the criminal sections of the Prevention of Money Laundering Act (PMLA), stems from as many as 26 FIRs registered by Delhi, Haryana and Uttar Pradesh police against Supertech Limited and its group companies on allegations of cheating 670 homebuyers to the tune of Rs 164 crore. "Huge amounts of mone

ED arrests Supertech's chairman R K Arora in money-laundering case

The Enforcement Directorate (ED) arrested real estate company Supertech's chairman and owner R K Arora on money-laundering charges on Tuesday, official sources said. Arora was taken into custody under the criminal sections of the Prevention of Money Laundering Act (PMLA), following a third round of his questioning at the federal agency's office here, they said. He is expected to be produced before a special PMLA court here on Wednesday, where the ED will seek his further remand. The money-laundering case against the Supertech group, its directors and promoters stems from a clutch of FIRs registered by the police departments in Delhi, Haryana and Uttar Pradesh. In April, the ED had attached assets worth more than Rs 40 crore of the real estate group and its directors.

The only way to survive in today's market is to give on-time delivery: R K Arora

Interview with chairman of Supertech