Court extends Unitech Ltd promoter's interim bail

A Delhi court today extended by one month the interim bail granted to Unitech Ltd promoter Sanjay Chandra in a fraud case relating to a Gurugram-based real estate project.
Additional Sessions Judge Virender Kumar Goyal granted the relief to Chandra till August 9 on a personal bond of Rs 70 lakh.
While extending the three months' interim bail granted to Chandra on April 10, the court directed him to settle at least 7-10 cases a week to expedite the settlement pending against remaining consumers.
During the hearing, advocate Vijay Agarwal told the court that in the last three months, the matter was settled with 30 consumers out of 109, which was 2.5 consumers per week.

It however imposed various conditions on the accused, including asking him not to leave the country without permission and not to hamper with the ongoing probe.
The court had on April 10 granted a three-month interim bail to Chandra. It had on April 1 sent Chandra to police custody after the prosecution said his custodial interrogation was required to find out the alleged money trail, beneficiaries of the transactions and recovery of project- related documents and other evidence.

The case was registered on July 31, 2015 in compliance of July 27, 2015 order passed by a Delhi court on the complaint of Delhi residents Arun Bedi and his mother Urmila Bedi.

They had alleged that they were induced by the firm to book a flat in August 2011 in the residential project named 'Wild Flowers Country' in Gurugram for a total consideration of Rs 57.34 lakh.
They had alleged that after passage of the given period, the builder had not delivered the possession, adding that the firm, in connivance with others, cheated the public at large.
Later, 90 more complaints were received against the firm for the same project which were clubbed with the present FIR.
The police claimed that around Rs 363 crore was collected by the firm, of which over Rs 35 crore was received from 91 complainants who are part of the present complaint.