Will Use The Opportunity To Rebuild: Unitech MD After Acquittal In 2G Case

Within hours of acquittal in the 2G spectrum allocation case by a special court, Unitech Managing Director Sanjay Chandra said there was no wrongdoing on his part, but his company had to pay the price for the case foisted on him.

Apart from former telecommunication minister A Raja and Dravida Munnetra Kazhagam Member of Parliament Kanimozhi, 15 individual accused and three companies were also acquitted by the special court in the case.

"There was no wrong doing on my part or on the part of my companies," Chandra said in a statement.

"However, the damage suffered by me and the companies continues to affect the health and financial status of my company, and they continue to pay the price for this case having been foisted on us fraudulently and without any basis," he added.

Chandra said he had complete faith in the judiciary from the start, and he was extremely grateful that the court had acquitted him of all charges.

"We had placed a robust defence rebutting each and every charge against us, and, today is a vindication of all I have stated in the past seven years," said Chandra, as he thanked all his shareholders, staff, family and lawyers who stood by him through the difficult time.

Unitech MD said he would use the opportunity to rebuild the company, and "focus on delivery to all our homebuyers".

It is worth mentioning here that Chandra is currently in Delhi's Tihar Jail, and seeking interim bail from the apex court after the Delhi High Court on August 11 had rejected his plea in a criminal case lodged in 2015 by 158 homebuyers. These buyers had bought flats in two of the group's Gurgaon-based projects, Wild Flower Country and Anthea Project.

With inputs from Housing News