New Delhi: The three directors of Amrapali group were sent to a three-day police custody by the Supreme Court on Tuesday for failing to submit accounts-related documents to forensic auditors. According to Ravi Kapoor, the auditor of the firm, the Amrapali group had not filed Income Tax returns between 2015-2018. The auditor claimed that the group had submitted records only till March 31, 2015.
The Supreme Court is hearing the case of the alleged diversion of the investment made by home buyers in Amrapali. The bench comprising Justices Arun Mishra and U U Lalit said, “You are playing hide and seek. You are trying to mislead the court.” The three directors namely Anil Sharma, Shivpriya and Ajay Kumar were asked to hand over the documents of 46 group companies to forensic auditors, according to PTI.
The National Buildings Construction Corporation Ltd (NBCC) was appointed by the Supreme Court on September 12 to complete all the projects of the real estate group that were left unfinished. A deputy DRT officer was assigned to look after the sale of assets and raise funds for the construction. When the bench suggested that the funds for the construction of the NBCC could be raised if homebuyers paid their dues, the counsel for homebuyers strongly opposed the decision.
Gaurav Bhatia, the advocate for Amrapali group, blamed the pending litigation against them for their inability to file the returns. The court then asked the auditor of the group to submit all the documents to an auditor appointed by the court. When the group once again failed to submit the required documents on time, the directors of the group were accused of “gross violation”. Therefore, the Delhi Police was assigned by the court to seize all their documents to ensure that not even a single company lies in custody of the real estate group.