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SC rejects bail plea of Amrapali founder

Dated on: Sunday 7th May 2023

Anil Kumar Sharma, who founded Amrapali and was its chairman, asked for bail, but the Supreme Court refused. The court said that he didn't deserve mercy because he cheated thousands of people who had bought homes. After reviewing a forensic audit report, the court ordered the arrest of Sharma and other company directors. The report showed that the management had taken a lot of money from homebuyers and didn't finish most of the housing projects. More than 46,000 people had invested their money in these projects.

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