Nishka Srinivas Veluvali –
Published On: November 17, 2021 at 21:00 IST
The Enforcement Directorate (ED) commenced several raids on various premises of the Real Estate Group Supertech linked to the Money Laundering Investigation.
The OPfficials stated, “At least nine premises of the builder group and its promoters were being searched by the agency in the National Capital region.”
The Supreme Court on August 31 Ordered the Demolition of the Twin Towers of the Supertech Group in Noida, New Delhi, which violated the Building Bylaws.
The Court has given the deadline of three months for the demolition, which lasts till November 30.
The suit is associated with the realty firm constructing two 40 – Storey Towers Illegally on its Emerald Court housing project premises with approximately 900 flats and 21 shops in the Towers.
The residents of the housing project asserted that their permission was not considered for the twin towers that were being built, violating the norms and hence they approached the Court.
The Allahabad High Court ordered the demolition of the twin towers in 2014 which the Supreme Court upheld in 2021.
Also Read: Supreme Court to Centre: Notice regarding ‘Model Builder Buyer Agreement’
General Modus Operandi for Money Laundering
