SC puts Amrapali directors under police surveillance, initiates contempt action

Source: The Hitavada      Date: 12 Oct 2018 08:49:03



IN yet another big setback to three directors including CMD of beleaguered Amrapali Group, the Supreme Court on Thursday initiated contempt proceedings against them and directed that they be placed under police surveillance for the next 15-days.

The top court had on October 9, directed that the Chairman and Managing Director Anil Kumar Sharma and directors Shiv Priya and Ajay Kumar be taken into police custody till they hand over all the documents of the group’s 46 firms. It clarified on Thursday that they will not be kept in police lockup for the night and instead be taken to a hotel in Noida, where their phones will be seized.

The three directors were released on Wednesday night from police custody after nine properties of Amrapali Group, where bulky documents of group companies are stashed, were sealed in compliance with the top court’s order.

A bench of Justices U U Lalit and D Y Chandrachud allowed the three directors to stay in their home for on Thursday night but asked them to present themselves before Station House Officer (SHO) of Noida Sector 62 on Friday before 8 am.

The top court fixed a 15-day limit for forensic auditors to collect, collate and catalogue the documents from 2008 till now with regard to the 46 companies of the group from the nine properties situated in Noida, Greater Noida of Delhi-NCR and Rajgir and Buxar district in Bihar.