Is Unitech owner in jail?
Is Unitech owner in jail?
Sanjay Chandra, the ex-promoter of the Unitech Group, is currently lodged in a Mumbai jail along with his brother Ajay. Both were arrested in 2017 by the Economic Offences Wing of the Delhi Police in connection with real estate fraud.
What is Unitech case?
A chargesheet against debt-stricken property developer Unitech’s former promoters Sanjay Chandra, Ajay Chandra and others set to be filed next week can rely on a Supreme Court-appointed forensic auditors’ report, the court ruled on Thursday, in a move that the investing agency has said will make for a stronger case.
Who is Unitech owner?
SC allows Unitech founder Ramesh Chandra to move PMLA court to seek bail | Business Standard News.
What is happening with Unitech?
Supreme Court approves takeover of Unitech’s management by Centre. The bench headed by Justice DY Chandrachud gave two months’ time to the new eight-member board to prepare the resolution framework for completing the pending projects and place the report before the Supreme Court.
Why are Unitech owners in jail?
The Enforcement Directorate (ED) has arrested promoters of Unitech Ajay Chandra and Sanjay Chandra in a money laundering case. The arrests were made after the federal probe obtained the Supreme Court’s permission. The brothers were earlier lodged in Mumbai’s jail.
Can Unitech bounce back?
These stocks would naturally be following them but Unitech looks to have completed its intermediate term correction and it looks that it could have a possible bounce back but it is not an intraday traders for Unitech but I feel that if you are a swing trader or if you are a longer investor, you can look at Unitech as …
Will Unitech survive?
With the Supreme court hinting govt at govt take over, it has concreted the beliefs of its survival. However, the turnaround of Unitech will take time maybe 3-5 years or even more. Having said that, Unitech is not for the weak-hearted. It may have various scenarios that we may not think of.
Where is Sanjay Chandra now?
Former Unitech promoters Sanjay Chandra and Ajay Chandra have been shifted from the Tihar Jail here to Mumbai’s Arthur Road Jail and Taloja Central Jail, following a Supreme Court order, officials said on Sunday.
Where is Ramesh Chandra now?
Former Chief Justice of India Ramesh Chandra Lahoti died at a hospital here on Wednesday evening, family sources said. He was 81 years old. Preeti Chandra, wife of jailed Unitech promoter Sanjay Chandra, has been arrested in a money laundering case by the Enforcement Directorate.
What did Sanjay Chandra do?
Sanjay Chandra was arrested in 2017 along with his brother, Ajay, for allegedly gypping lakhs of people who bought houses that were never built. The Chandras now face charges that range from money laundering to embezzlement.
What is target of Unitech?
Important support & resistance levels of UNITECH are 0.42, 0.93, 1.49, 3.48, 7.35, 9.64….Unitech UNITECH share price targets.
Downside intraday target | 0.8 |
---|---|
Downside intraday target | 0.7 |
Downside short term target | 0.68 |
Downside mid term target | 0.93 |
Upside long term target | 1.49 |
Is Unitech a multibagger?
Only time will tell, how much money we have made here. Unitech is a potential Multibagger!!!!!! Important Note: Potential multi-baggers are those stocks that have the potential to give 100 – 500% profits. Obviously, such returns take time.