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Indiabulls slams misappropriation charges and agrees £200m Mayfair sale

Indian developer slates allegations as "bizarre"
By James Buckley
June 11, 2019 | 12:38 P.M.

Indiabulls Real Estate has slammed charges of misappropriation of around Rs 98,000 crore (£10.2bn) by its Chairman Sameer Gehlaut and other directors, slating the allegation as “bizarre” as it reaches an agreement to sell its prime asset in Mayfair for £200m.

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