The Supreme Court on Thursday grilled Amrapali Group Chairman and Managing Director Anil Kumar Sharma for ₹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 ₹140 crore from the multi-national firm JP Morgan.
The SC gave him one last opportunity to return ₹6.55 crore of homebuyers’ money, which he had transferred to his daughter, by February 28 and sought explanation of ₹94 crore shown in his bank account.
