Amrapali played big fraud: SC after audit finds â¹125 cr diversion
The Supreme Court has said Amrapali Group played a "big fraud" by diverting homebuyers' money and the "big racket" behind this must be unearthed. Forensic auditors found that a group firm diverted â¹125 crore to a company managed by Amrapali's statutory auditors. Amrapali also allegedly diverted â¹600 crore of â¹1,040 crore collected from homebuyers of one of the housing projects.