Delhi Court reserves order on ED's chargesheet against RK Arora of Supertech

Delhis Patiala House Court on Monday reserved the order on cognizance point on the prosecution complaint chargesheet filed by the Enforcement Directorate ED against Supertechs chairman and Promoter RK Arora in relation to a money laundering caseThe Additional Sessions Judge Devender Kumar Jangala on Monday decided to keep the order after the conclusion of the arguments made by EDs Special Public Prosecutors Naveen Kumar Matta and Manish Jain in the matter The Court fixed September 26 2023 for the passing of the orderMeanwhile Advocate RK Handoo appeared for RK Arora and moved the default bail plea in the matterRecently the Enforcement Directorate ED has filed a prosecution complaint chargesheet against Supertechs Chairman RK Arora in relation to a money laundering case in Delhis Patiala House Court Arora was arrested on June 27 under the criminal sections of the Prevention of Money Laundering Act PMLALast week the Delhi High Court dismissed the plea moved by Arora challenging grounds of arrest Court said in the present case the grounds of arrest were duly given and notified to the petitioner and he endorsed the same in writing under his signature The core issue is being informed and as soon as possibleIt if has been duly notified and brought to the notice at the time of arrest and further disclosed in detail in the remand application it amounts be duly informed and served said the CourtEarlier ED apprised the court that 26 FIRs were registered by the Economic Offences Wing EOW Delhi Police Haryana Police and UP Police against Supertech Limited and its group companies under Section 120B criminal conspiracy read with 406criminal breach of trust420 cheating467471 IPC having allegations of cheating at least 670 home buyers for an amount of Rs 164 croreED also alleged that 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 valueED alleged that the accused persons have acquired properties and made illegalwrongful gain arising out of the said proceeds of crime by involving indulging and commissioning criminal activities related to scheduled offences It is stated that the prima facie case for the commission of an offence punishable under Section 3 punishable under Section 4 of the PML Act has been madeThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever