November 28, 2022
NDTV News


The complete attachment on this case now stands at Rs 431 crore. (File)

New Delhi:

The Enforcement Directorate (ED) has hooked up a helicopter and over 100 land parcels in Mumbai value a complete of Rs 81 crore in reference to a money-laundering probe in opposition to realty agency Unitech Group, the company mentioned on Wednesday.

It mentioned a provisional order for attachment of those properties owned by the Shivalik Group and its associates has been issued underneath felony sections of the Prevention of Money Laundering Act (PMLA).

The complete worth of the helicopter, owned by King Rotors Air Charters Pvt Limited, and the 101 land parcels positioned in Mumbai’s Santa Cruz space is Rs 81.10 crore, the ED mentioned in an announcement.

The motion has been taken “in relation to the investigation being conducted against Unitech Group”, the probe company mentioned.

While the plots of land are owned by the Shivalik Group, the corporate that owns the chopper is its affiliate agency, it mentioned.

The probe has “revealed that Unitech Group had diverted proceeds of crime to the tune of Rs 574 crore to Shivalik Group and, in turn, the entities of Shivalik Group purchased the said land parcels and helicopter from these proceeds of crime,” the ED alleged.

The Enforcement Directorate, early this yr, filed a felony case underneath numerous sections of the PMLA in opposition to the Unitech Group and its promoters over allegations that the house owners — Sanjay Chandra and Ajay Chandra — illegally diverted over Rs 2,000 crore to Cyprus and Cayman Island.

The case was booked after the ED studied some FIRs filed by the Delhi Police’s Economic Offences Wing (EOW) in opposition to these promoters and the corporate, together with an occasion the place they allegedly failed to finish a housing mission on time in Gurgaon.

On March 4, the ED additionally carried out raids at 35 areas of the Shivalik Group, Trikar Group, Unitech Group and Carnoustie Group in Mumbai and on the nationwide capital area after the registration of the case.

“After analysis of the seized records followed by the disclosures of various persons, the above diversion of proceeds of crime has been unearthed,” it alleged.

The complete attachment on this case now stands at Rs 431 crore as two related orders had been earlier issued that froze belongings value Rs 349.82 crore.

(Except for the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)

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