He was arrested for allegedly not developing a project despite receiving funds from investors, police said.
New Delhi: Delhi Police's Economic Offences Wing has arrested the Managing Director of Unitech and another person for allegedly not developing a project despite receiving funds from investors, police said. Delhi court has send Ajay and Sanjya to police custody till April 3.
"The accused, Ajay Chandra and Sanjya Chandra of Unitech, have been arrested for not developing a project, Anthea Floors, at Gurugram," a police officer said.
"Ninety-one people have invested Rs 35 crore in the project. The probe into the case is being monitored by a trial court," the officer said.
It is learnt that the investors had also approached the Delhi High Court in this regard.