NEW DELHI: A Delhi courtroom on Thursday granted bail to Supertech chairman and promoter R Ok Arora in a cash laundering case. Extra Periods Decide Devender Kumar Jangala granted aid to Arora, noting that there was no chance of him evading the trial or influencing the investigation.

Arora was arrested in June final yr.

As many as 26 FIRs have been registered by the Economic Offences Wing (EOW), Delhi Police, Haryana Police and Uttar Pradesh Police in opposition to Supertech Restricted and its group corporations, and Arora, for felony conspiracy, dishonest and felony breach for allegedly dishonest at the least 670 residence consumers for an quantity of Rs 164 crore.

The Enforcement Directorate (ED) filed a cased a case primarily based on the FIRs to probe alleged cash laundering by the accused, in line with which the quantity collected by Supertech Ltd was diverted to their group corporations for the acquisition of properties and the corporate with land having a lot lesser worth.

The ED alleged that the accused individuals have acquired properties and made unlawful and wrongful achieve arising out of the stated proceeds of crime by involving, indulging and commissioning felony actions associated to scheduled offences.