SC rejects bail plea of former Amrapali director

"You have cheated thousands of home buyers. You siphoned off their hard-earned money and their life savings. You do not deserve any sympathy," the bench said.

The Supreme Court has rejected the bail plea of former CMD of Amrapali Group of Companies Anil Kumar Sharma, saying he cheated thousands of home buyers and did not deserve any sympathy.

A bench comprising Justices Ajay Rastogi and Bela M Trivedi refused to issue notice to the prosecuting agency on the bail plea of Sharma, who has been in jail for over four years in the case.

The former CMD of the real estate group and other directors of the firm were arrested at the direction of the top court after the forensic audit report revealed that a large amount of home buyers' money was siphoned off by the management.

It said the offense ran "very deep" and even the court was facing difficulties in tackling the problem.