CBI registers case against Unitech MD in Canara bank fraud, carries out searches

The CBI has booked Managing Director of Unitech Sanjay Chandra, his father Ramesh and brother Ajay for alleged bank fraud of Rs 198 crore in Canara bank, officials said Sunday.

The CBI after registering the fresh case against Chandra carried out searches at multiple locations at the premises of the accused.

Sanjay Chandra was released on interim bail from Tihar Jail on Friday after 43 months after a Delhi court gave him relief on medical grounds.

The company is facing multiple probes by several agencies including Delhi Police, CBI and the ED.

Chandra’s alleged role had also figured in the 2G Spectrum scam but he was acquitted by the trial court.