News
HC rejects bail plea of Amrapali MD Sharma


Passing the order, Justice Dinesh Kumar Singh said, “Money laundering is a serious economic offence and serious threat to the nation’s economy and national interest and these offences are committed with cool calculation with the motive of personal gain regardless of the consequences on the society.”
The court added, “Considering the order of July, 23, 2019 passed by the Supreme Court, in which involvement of the accused, Sharma, in the offence was meticulously flagged, his conduct before the Supreme Court and the fact that the investigation is still on and money trail has to be completely unearthed, it would not be appropriate to enlarge the accused on bail.”
Sharma has been in jail for allegedly committing serious offences under the Money Laundering Act. The company is said to have siphoned off about Rs 6,000 crore of flat/house buyers’ money in Noida and Greater Noida.
-
Guest Column4 weeks ago
Vertex launches its largest project, VIRAAT
-
Guest Column4 weeks ago
Planning to Invest: Consider these 5 alternate assets to put your money
-
Guest Column4 weeks ago
In 2022 PE investments in Indian real estate at $3.4 bn, at par with 2021: Savills
-
Guest Column4 weeks ago
ICRA, CRISIL enhances Commercial Paper limits of Godrej Prop to Rs 1750 cr
-
Guest Column4 weeks ago
Mirae Asset Acquires Grade-A Warehousing Space in India
-
Guest Column4 weeks ago
Propdial in talks to raise Rs 25 Crore
-
Events4 weeks ago
Celebrations at Vegas Mall, Dwarka
-
Guest Column4 weeks ago
TARC Tripundra achieves Rs 350 cr sales