Court Refuses Extension of Interim Bail for Supertech Chief RK Arora accused in Money-Laundering Case

The Supertech chief RK Arora’s legal troubles continue as a local court has refused to extend his interim bail on medical grounds. Arora, who has been accused in a money-laundering case and arrested last June, has been on interim bail since January 16. However, the court’s decision means that he must surrender himself to the jail authorities by 5 pm on May 13.

Additional Sessions Judge Devender Kumar Jangala issued the order on Friday, directing the jail authorities to provide necessary medical treatment to Arora while in custody. The judge cited the lack of a fixed date for any alleged surgery as the reason for denying the extension of interim bail.

Arora had sought a 90-day extension of his interim bail, but the court determined that he could receive the prescribed treatment while in custody. The case against Arora and Supertech involves allegations of cheating at least 670 homebuyers of Rs 164 crore. The Economic Offences Wing of the Delhi Police and authorities in Haryana and Uttar Pradesh have registered multiple FIRs against Arora and Supertech for criminal conspiracy, cheating, and breach of trust.

The Enforcement Directorate (ED) has also filed a case to investigate alleged money laundering by the accused. The ED claims that funds collected by Supertech were diverted to other group companies for the purchase of properties at lower values, leading to illegal gains for the accused parties.

The court’s decision to refuse an extension of interim bail for Arora highlights the seriousness of the allegations against him and the ongoing legal battle he faces. As the case unfolds, further developments are expected in this high-profile money-laundering case.