Amrapali directors embezzled with tax in the name of professional fees!
Amrapali directors embezzled with tax in the name of professional fees!

Noida: Amrapali's flat buyers were performing well on the road for their rights and the court was also pressuring the builder. By 2018, Amrapali's directors and those associated with them were trying to grab money. The directors embezzled crores of rupees from flat buyers in the name of professional fees and spent heavily on property purchases and luxurious purchases.

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This was disclosed after a forensic audit of Amrapali and a court inquiry. Amrapali directors collected crores of rupees from the company in the name of salary and professional fees. While no person can charge salary and professional fees at the same time from one company at the same time, Amrapali's directors have taken the rules aside and arbitrary.

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Salaries, professional fees, payment of expenses, use of luxury cars, loans from the company to themselves and for family members and advances were extended to the company they created. All this money belonged to flat buyers. In the name of commercial fees, such money was diverted to themselves and to the people involved without agreement.

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The report says directors and their associated partners have broken the confidence of flat buyers. He transferred the funds to companies that were connected to directors, family members and others.

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