NEW DELHI: The CBI has booked Unitech MD Sanjay Chandra, his father Ramesh Chandra and brother Ajay Chandra for allegedly cheating a public sector bank of Rs 198 crore. On Friday, a court gave Sanjay Chandra interim bail of four weeks on health grounds.
The CBI said in the FIR that it had received a complaint from Canara Bank on November 18 after which an enquiry was initiated and a case registered. It has been alleged that Unitech was granted credit facilities under different banking arrangements through which it availed loans against personal and corporate guarantees apart from mortgaged properties.
However, the company allegedly sold the properties without informing the bank and diverted and misappropriated funds. The FIR alleged that the bank was owed Rs 198.09 crore as outstanding liability in the form of open cash credit and bank guarantees till May 28.