On Wednesday, the Enforcement Directorate carried out searches at multiple premises connected with real estate group Supertech in a money laundering case, officials said.
Apart from Supertech’s office in Noida’s Sector 96 and company chief RK Arora’s residence in Sector 36 of Noida, the ED also raided a few other premises linked to the company’s senior executives in the national capital region.
Currently Supertech is facing multiple cases filed by home buyers. On August 31 this year, the company was ordered by the Supreme Court to demolish the twin towers of one of its projects in Noida. The order was given on the grounds that Supertech had violated building bylaws.
The court granted the company 90 days to demolish the illegally built towers. The 90-day period comes to an end on November 30.
Residents of Supertech’s Emerald Court, where the twin towers were being built, had moved the court claiming that their consent was not taken for the construction of the towers.
The two illegally constructed 40-storey towers were to have around 900 residential apartments and over 21 commercial properties.