New Delhi: Unitech Managing Director (MD) Sanjay Chandra and his brother Ajay Chandra were arrested on Saturday in connection with financial irregularities.
The arrest was made by the Economic Offences Wing (EOW) of Delhi Police. Both the promoters of the real estate giant will be produced before the court today.
The Chandras have been accused of duping buyers who had booked flats in his Greater Noida residential project. The buyers alleged that Unitech failed to complete the project on time and also did not refund the money along with the interest.
According to police, 91 people invested Rs 35 crores in the project but never got their flats.
Notably, Chandra was also arrested in 2011 in the 2G spectrum case.