3 Amrapali directors sent to jail for flouting SC order

CRACKING DOWN Police told to give all documents of group to forensic auditors NEW DELHI:

The Supreme Court Tuesday sent three directors of the Amrapali group to police custody admonishing them for playing “hide and seek” with the court, and ordered that they hand over to forensic auditors, all the documents of the embattled real estate major’s 46 group companies.

A bench of Justices Arun Mishra and UU Lalit gave the direction after taking exception to the Amrapali group not handing over all documents to forensic auditors.

It ordered that the three directors — Anil Kumar Sharma, Shiv Priya and Ajay Kumar — will remain in police custody till they hand over all the documents.

The apex court’s order came on a batch of petitions filed by home buyers who are seeking possession of around 42,000 flats.

The court said the conduct of the directors was in “gross violation” of its order. “You are playing hide and seek. You are trying to mislead the court,” it construction of the pending projects in Group A and B Categories.

Besides, it directed that bank accounts, balance sheets and other documents of all the 46 Amrapali companies and Jotindra Steel, since 2008 be given to the forensic auditors.

The apex court on September 6 identified 16 properties of Amrapali for auctioning, preferably by the NBCC, to give the PSU an initial corpus to start work on the stalled projects. It had also ordered a forensic audit of the firm and its promoters to gauge the extent of financial wrongdoings.

The group CMD had come under the top court’s scanner for declaring his assets worth at Rs 67 crore as against Rs 847 crore in his affidavit filed during the 2014 Lok Sabha polls, when he had unsuccessfully contested as a JD(U) candidate from Bihar’s Jehanabad constituency.

The NBCC had earlier given a proposal for completion of 15 residential projects of Amrapali having 46,575 flats at an estimated cost of ₹8,500 crore in six to 36 months.