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
Date:
Updated: [falahcoin_post_modified_date]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
