The Enforcement Directorate (ED) on Wednesday has provisionally attached 3 land parcels worth Rs 106.08 crore of Unitech Group, situated in Gurugram.
According to a release by the ED, with this attachment, the total attachment, in this case, reached Rs 537 crore, an official press release informed.
“These parcels had been purchased by two dummy entities of Chandras namely M/s Erode Projects Pvt Limited & M/s Kore communities Pvt Limited from the companies of Unitech Group,” it said.
The ED initiated money laundering investigation on the basis of various FIRs filed by homebuyers against Unitech Group and its promoters before Delhi Police. The total proceeds of Crime, in this case, is Rs 5063.05 Crore as determined till now, the ED said.
“Investigation by ED revealed that the above said parcels were purchased by M/s Erode Projects Pvt Limited & M/s Kore communities Pvt Limited from the proceeds of crime generated out of scheduled offence. Both these companies are controlled by the promoters of Unitech Group and Proceeds of Crime have been transferred to these companies after substantial layering in Singapore and Cayman Island,” it said.
On March 4, the ED had conducted a search operation at 35 premises of Shivalik Group, Trikar Group, Unitech Group, and Carnoustie Group located in the National Capital Region (NCR) and Mumbai.
“After analysis of the seized records, followed by disclosures of various persons, the above diversion and layering of POC has been unearthed,” the release stated.
Earlier, ED had attached immovable properties to the tune of Rs 431 crore, belonging to Trikar Group, Carnoustie Group, and Shivalik Group.
Further investigation is underway.
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