The Supreme Court has rejected the bail plea of former CMD of Amrapali Group of Companies Anil Kumar Sharma, saying he cheated thousands of home buyers and did not deserve any sympathy.
A bench comprising Justices Ajay Rastogi and Bela M Trivedi refused to issue notice to the prosecuting agency on the bail plea of Sharma, who has been in jail for over four years in the case.
"You have cheated thousands of home buyers. You siphoned off their hard-earned money and their life savings. You do not deserve any sympathy," the bench said on Thursday.
“Yours is not a case of simple cheating. See the plight of thousands of home buyers. You cannot have our sympathy. You better enjoy being in jail... This court is very aware of what you did. You created the mess and we are not able to find a way out of it. A large number of home buyers are suffering," the bench said.
Earlier, the top court had granted Sharma interim bail for a few weeks on medical grounds in the case.
The apex court, in its July 23, 2019 verdict, had cracked down on errant builders for breaching the trust reposed by home buyers and ordered the cancellation of registration of the Amrapali Group under real estate law RERA and ousted it from prime properties in the national capital region (NCR) by nixing the land leases.
The top court had directed a probe by the Enforcement Directorate (ED) into alleged money laundering by realtors, providing relief to over 42,000 home buyers of the Amrapali Group with the verdict.
Besides ED, the Economic Offence Wing (EoW) of the Delhi Police and the Serious Fraud Investigation Office (SFIO) has also been investigating various cases lodged against the former officials of the real estate group.
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