Amrapali Group CMD Anil Kumar Sharma grilled for homebuyers’ money in his account

NEW DELHI: The Supreme Court on Thursday grilled Amrapali Group CMD Anil Kumar Sharma for Rs 94 crore of homebuyers’ money being shown in his bank account and also warned that it would send him to jail for his “reluctance” in disclosing the identity of a person, who had bought company’s shares worth Rs 140 crore from the multi-national firm JP Morgan. The top court gave Sharma one last opportunity to return Rs 6.55 crore of homebuyers’ money, which he had transferred to his daughter, by February 28 and sought explanation of Rs 94 crore shown in his bank account. It also appointed a valuer to ascertain the exact value of 5,229 unsold flats including those booked by Amrapali for just Rs 1, Rs 11 and Rs 12 and asked the valuer to submit its report by the next date of hearing.

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