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Delhi High Court Grants Bail to Unitech's Founder

The Sunday Guardian

|

March 23, 2025

In a significant development, the Delhi High Court on Friday granted bail to Ramesh Chandra, the 88-year-old founder of real estate firm Unitech, in a money laundering case.

- CORRESPONDENT

Delhi High Court Grants Bail to Unitech's Founder

Justice Jasmeet Singh delivered the order, providing Chandra relief after a prolonged legal battle. The detailed order is expected to be released soon.

Ramesh Chandra, along with other Unitech executives, was arrested by the Enforcement Directorate (ED) in October 2021, under the charges of money laundering. The case centers on the alleged diversion of large sums of money from home buyers, who were left in a precarious situation, having paid for homes that were never built.

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