New Delhi, October 9: The Supreme Court on Tuesday ordered the arrest of three Amrapali directors. According to reports, the Apex Court has said, "Enough of your hide and seek, you will be in police custody until you comply with our orders. No release without audit reports." Don’t Play Smart, Give Your Property Details: Supreme Court to Amrapali Directors.
In August, the Supreme Court had asked the Directors of the Amrapali Group to file details of all their movable and immovable assets along with valuation, and warned them that they would be rendered homeless if they tried "to play smart." A bench of Justice Arun Mishra and Justice U.U. Lalit clarified that all the properties of the directors would be sold if the company failed to raise Rs 5,112 crore required to complete its unfinished housing projects.
On August 1, the court slammed the Amrapali Group for playing "fraud and dirty games" with it and ordered the freezing of bank accounts of all the Directors of its 40 firms, besides attaching their personal properties.