Real estate firm Supertech's chairman arrested in money laundering case

The Enforcement Directorate on Tuesday arrested RK Arora, the chairman of the real estate company Supertech, in a money laundering case. 

Supertech chairman RK Arora. 

The Enforcement Directorate has arrested RK Arora, the chairman of the real estate company Supertech, in a money laundering case. Arora was taken into custody under the criminal sections of the Prevention of Money Laundering Act (PMLA), following a third round of his questioning on Tuesday.

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 the FIRs, Supertech and its directors were accused of cheating as they collected funds from home buyers as an advance against booked flats but failed to hand over the flats to them.

In April, the ED had attached assets worth more than Rs 40 crore of the real estate group and its directors.

Last year, Supertech’s illegal twin towers in Noida were demolished using over 3,000 kg of explosives following a court order.