The probe began with Delhi Police FIRs and an SFIO complaint, with investigators alleging diversion of hundreds of crores collected from buyers across multiple real estate projects.
The CBI has accused them of dishonestly obtaining financial gains while causing wrongful losses to the victims.
The matter surfaced during the Chief Minister’s pre-announced “Janatar Darbare (People’s Court)” programme, where citizens were invited to directly present complaints and grievances.
According to the ED’s Lucknow Zonal Office, these properties were originally purchased for about Rs 158.85 crore, but their current market value has increased several times.
Following the court order, the ED will now register the money laundering cases against Amrapali, its CEO and Managing Director (CMD) Anil Sharma, and directors Shiv Priya and Ajay Kumar.
