New Delhi: The Directorate of Enforcement has initiated the process of inquiry of money laundering against Supertech and his chairman R K Arora in a case related to alleged illegal development of twin towers in Noida with corrupt authority authority officials.
After Unitech and Amrapali Group, Supertech is a third major real estate company to be investigated by Ed under the prevention of money laundering Law (PMLA).
As a precautionary measure, the agency also tends to issue round reconnaissance to Arora to prevent it from leaving the country until the probe’s creation, according to the source.
Ed had investigated the former Chair and CEO of Noida Authority Mohinder Singh along with six other former high-ranking officials from Noida and Greater Noida authorities who had been called by the agency in January this year in connection with the money laundering case of Amrapali.
Former official of the authority of Noida and Greater Noida who were being investigated Ed including Manoj Rai and Yashpal Tyagi, both former OSD authority Noida, three general manager (GM) officers from the Noida Raya Authority and one AGM.
Some of them have recorded.
The Amrapali Group and its chairman (Anil Sharma) were being examined for alleged bribery of government officials and money laundering of home buyers to RS 3,000 Crore.
In addition to investigating the alleged money laundering by Supertech, Ed’s investigation will look into the finance and assets acquired by the authority of Noida, which has been involved in the case of Supertech during the period when receiving all permits, including those who have volunteered retirement.