Forensic auditors told the Supreme Court Thursday that ₹9,590 crore can be recovered from the embattled Amrapali Group which has diverted ₹3,523 crore of home buyers money. They also said that ₹3,487 crore is recoverable from home buyers who have booked flats and taken the possession in 14 Amrapali Projects. The auditors pointed out that there were 5,229 unsold flats of Amrapali in 11 different projects and can be sold for ₹1,958.82 crore. They said that non-genuine and bogus purchases amounted to ₹1,446.68 crore and Amrapali Group has a liability of ₹6,004.6 crore towards the Noida and Greater Noida authority. The top court has accepted the reports of forensic auditors and sought explanation from the group and its associates.

Source: Mint May 03, 2019 05:37 UTC