Central Bureau of Investigation (CBI) has filed a case against Unitech Ltd former managing director Sanjay Chandra, his father Ramesh Chandra and elder brother Ajay Chandra for allegedly cheating Canara Bank of Rs. 198 crore.
Sanjay Chandra was released from Tihar jail after 43 months on Friday evening after a trial court in Delhi granted him interim relief for four weeks considering his aggrieved medical condition.
He was arrested in April 2017 by Delhi Police’s Economic Offences Wing (EOW) for allegedly cheating homebuyers who had invested in company projects.
Unitech Ltd, which used to be a construction giant before the company was embroiled in 2G spectrum scam, is facing multiple investigations by various agencies including CBI, ED and Delhi Police.
Sanjay Chandra is already facing trial in 2G spectrum scam.
He was first arrested in 2011 by the CBI for allegedly conspiring to get telecom licence for his company.