India, March 21 -- The Delhi High Court on Friday granted bail to Unitech founder Ramesh Chandra in a money laundering case related to the alleged cheating of several homebuyers.

Chandra, 88, was arrested by the Enforcement Directorate (ED) in October 2021 in the money laundering case.

The ED accused Chandra of diverting homebuyers' money, around Rs.380.80 crore, to Carnoustie Management Pvt. Ltd. from Unitech Ltd. between the years 2007-08 and 2011-12.

The case stemmed from several FIRs registered by the Economic Offences Wing of the Delhi Police against the accused for various offences, including cheating, criminal conspiracy, taking undue advantage by influencing public servants, bribing public servants, and others.

"Bail granted,"...