Supreme Court allows arrest of Amrapali CMD, two other directors

The top court had warned that CMD would be sent to jail for his "reluctance" in disclosing the identity of a person who had bought company's shares worth Rs 140 crore from JPMorgan

The Supreme Court (SC) on Thursday allowed Delhi Police to arrest forthwith Anil Sharma, the chairman and managing director (CMD) of Amrapali Group, and two directors of his company — Shiv Priya and Ajay Kumar — in connection with an Economic Offences Wing (EOW) case. The EOW of Delhi Police has registered a case against Sharma and two of his directors for allegedly diverting homeowners’ money and cheating them by not delivering on the projects despite timely payments.

“Let the police investigate the entire gamut of the scenario of the various projects as projected in this case and various orders passed