Forensic audit report revealed that top officials of realty firm Amrapali Group diverted around Rs 3,500 crore for their personal use.
Pawan Singh and Nidhi Jha dropped another track Fas Jaogi Jaan from the Bhojpuri film Crack Fighter.
The Supreme Court on Thursday allowed Delhi police to arrest and interrogate in custody Amrapali group CMD Anil Sharma and two directors on a complaint that home buyers of their various housing projects were cheated and duped of their funds.
The audit found that 23 companies were floated in the name of office boys, peons and drivers and these firms were part of Amrapali consortium and were made fronts to divert home buyers' money.
The court also pulled up the Group for filling 3000-4000-page affidavit with no requisite information and warned that directors may be sent behind bars for not disclosing the details sought by the court.
A bench of Justices U U Lalit and D Y Chandrachud asked the two forensic auditors Ravi Bhatia and Pawan Kumar Aggarwal complete the task of auditing the balance sheet and affairs of 46 Amrapali group companies in next ten weeks time.
During a hearing in the top court, the three directors of the company said all documents relating to 46 group companies are stacked at various premises across Uttar Pradesh and Bihar.
A bench of Justices Arun Mishra and U U Lalit took exception to the Amrapali group not handing over all the documents to forensic auditors and said that they will remain in police custody till they hand over all the documents.
Earlier on October 4, NBCC CMD Anoop Kumar Mittal had said that the state-owned company will float tenders in the next 15 days to appoint contractors for construction of stalled housing projects of Amrapali.
A bench of Justice Arun Mishra and Justice UU Lalit said that residential projects of Amrapali in the National Capital Region seem prima facie illegal and its real estate business is like "a well-operated cobweb".
Expressing its deep anguish over the functioning of the group, the apex court bench comprising Justices Arun Mishra and U U Lalit also threatened that the court would sell "each and every property" of the firm to recover the cost of construction of the pending real estate projects.
The apex court observed that if builders were diverting money invested by a person in a particular housing or commercial project to complete other projects, it, prima facie, amounted to misappropriation and criminal breach of trust.
A bench of Justices Arun Mishra and U U Lalit directed the Amrapali Group of companies to place before it details of all its bank accounts from 2008 till today and ordered freezing of bank accounts of all the directors of its 40 firms.
Amrapali Dubey is currently basking in the success of her latest release Border, also featuring Bhojpuri superstar Dinesh Lal Yadav aka Nirahua.
The Border star is basking in the success of her film in this recent upload on Instagram
Dhoni is seeking to recover Rs 150 crore alleging that he hasn’t been for years for being the brand ambassador of the troubled real estate firm.
Last on the list of claimants under existing norms, home buyers have little hope of recovering their hard-earned money from errant builders.
A bench headed by Chief Justice Dipak Misra issued a notice to the company and sought its reply within two weeks on a plea filed by Amrapali Silicon City Flat Owners Welfare Society.
The home buyers, who have neither got possession of flats, nor refund of their hard-earned invested money, had booked homes in various Amrapali projects in Greater Noida.
Insolvency proceedings are likely to be initiated against three Amrapali group companies – Noida's Silicon City and Greater Noida-based Ultra Home Construction and Amrapali Infrastructure - on the plea of Bank of Baroda.
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