New Delhi: Promoters and top officials of realty firm Amrapali Group diverted homebuyers' money for personal benefits and building their own empire, said the forensic report submitted to the Supreme Court. The audit report reveals that around ₹3,500 crore of homebuyers' money was diverted by the Amrapali top brass. Pointing to the diversion of ₹3,500 crore by the Amrapali Group as estimated by the forensic auditors, Justice Arun Mishra said: " ₹3,500 crore have gone away. The forensic auditors' report pointed to instances where money moved from one company to another company of the Amrapali Group. For this, they said the money diverted will have to be brought back and several other assets of the group will have to be sold.
Source: Mint May 05, 2019 10:41 UTC