Former Unitech promoter Sanjay Chandra’s wife, Preeti Chandra, has been granted bail by the Delhi High Court in a money laundering case. However, the court has allowed the Enforcement Directorate (ED) to challenge the bail order until Friday. The ED arrested Preeti Chandra along with Ramesh Chandra and Rajesh Malik of Carnoustie Group last year for collecting funds from home buyers for housing projects, which were not used for their intended purpose. The agency alleged that the trio diverted the collected funds into several other accounts, cheating home buyers in the process. Preeti Chandra had been denied bail in November 2022 due to the seriousness of the allegations and the size of the transaction. However, her lawyer argued she had been in judicial custody for a long time and had nothing to do with the proceeds of crime. According to the ED, Preeti Chandra received proceeds of crime worth INR 107.40 crores in her Prakausli Investments company but did not disclose its ultimate usage.
Delhi High Court Releases Preeti Chandra on Bail in Money Laundering Case
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