New Delhi: The Supreme Court (SC) Friday ordered Amrapali Group of companies auditor to submit all its documents related to it to the court-appointed forensic auditor within the next 24 hours. The apex court said Wednesday that the embattled realtor has played a big fraud by channelling the money collected from home buyers to other firms and the entire racket needs to come out in the open.
On Wednesday, the SC bench had also said that three directors, including CMD of Amrapali Group, who was placed under police surveillance under the apex court’s order cannot be allowed to work from their home till October 26, that is, Friday.
The top court has also initiated contempt proceedings against the group’s Chairman and Managing Director (CMD) Anil Kumar Sharma and its directors Shiv Priya and Ajay Kumar for violating court’s order and thwarting the course of justice.
Supreme Court had also fixed a 15-day limit for the forensic auditors to collect the documents from 2008 till now with regard to the 46 companies of the group situated in Noida, Greater Noida of Delhi-NCR and Rajgir and Buxar in Bihar.
The court-appointed forensic auditor looking into the case had informed the SC bench earlier that the Amrapali Group of Companies chief financial officer (CFO) Chander Wadhwa has not been cooperating with them. The auditor also added that Wadhwa had said that he “does not remember when he joined the company as its CFO.”
The forensic auditor also told the bench of Justices Arun Mishra and UU Lalit that from the documents of the group, it appeared that over Rs 100 crore was diverted to a company — GauriSuta Infrastructures Pvt Ltd — by one of the group firms and there were “various malfunctionings” by statutory auditors.
The bench also observed that the group has been enjoying holding the leased properties of Noida and Greater Noida authorities and they have pocketed the money collected from the home buyers.