The Economic Offences Wing (EOW) of Delhi Police has arrested two officials of Amrapali Group for creating a large number of bogus companies, the police said on Tuesday.Also Read - Big Update For Homebuyers: Anarock To Facilitate Sale Of 5,400 Flats Of Amrapali For About Rs 2,200 Crore in Noida, Greater Noida

The arrested persons have been identified as Chander Prakash Wadhwa, chief financial officer (CFO) and Anil Mittal, statutory auditor of the Amrapali group of companies. Both were arrested from Delhi on Monday. Also Read - Amrapali Case: Relief For Buyers, Supreme Court Directs Banks to Release Balance Loans on NPAs

They were wanted in a case of cheating, criminal breach of trust and criminal conspiracy. Also Read - Release Rs 7.16 Crore to NBCC to Finish Amrapali Projects: Supreme Court

The accused were instrumental in creating a large number of bogus companies for diversion of funds of home buyers by employing persons known to them as directors or appointing them in key management posts in those companies.

On Tuesday, both were presented in Karkardooma courts that sent them to police custody for five days, a senior police officer said.

Three directors of Amrapali Group — Anil Kumar Sharma, Shiv Priya and Ajay Kumar are already in judicial custody.