NEW DELHI: The CBI has booked Managing Director of Unitech Sanjay Chandra, his father Ramesh and brother Ajay for alleged bank fraud of Rs 198 crore in Canara bank, officials said Sunday. The CBI after registering the fresh case against Chandra carried out searches at multiple locations at the premises of the accused. Sanjay Chandra was released on interim bail from Tihar Jail on Friday after 43 months after a Delhi court gave him relief on medical grounds. The company is facing multiple probes by several agencies including Delhi Police, CBI and the ED. Chandra’s alleged role had also figured in the 2G Spectrum scam but he was acquitted by the trial court. The Canara Bank has alleged that the company had been availing credit facilities from it on the basis of personal and corporate guarantees from Chandras. Later, due to low demand in the housing market, the company started defaulting on payments. The government had taken over control of the company and the Supreme Court had ordered a forensic audit by Grant Thorton into the company’s finances. It emerged in the forensic audit that the company has diverted, siphoned off and misappropriated funds. “Out of of Rs 1,4270 crores… Read full this story
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