New Delhi, Jul 7 (UNI) Enforcement Directorate (ED) on Wednesday said that it has provisionally attached three land parcels worth Rs 106.08 Crore, situated in Gurugram in connection with ongoing investigation against Unitech Group.
These parcels had been purchased by two dummy entities of Chandras namely Erode Projects Pvt Limited and Kore Communities Pvt Limited from the companies of Unitech Group.
ED initiated a money laundering investigation on the basis of various FIRs filed by home buyers 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 officials in the probe agency said that the investigation in this case has revealed that the above said parcels were purchased by Erode Projects Pvt Limited and 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”, the ED said in a statement.
On March 4 this year, ED had conducted search operations at 35 premises of Shivalik Group, Trikar Group, Unitech Group and Carnoustie Group located in National Capital Region and Mumbai. “After analysis of seized records followed by the disclosures of various persons, the above diversion and layering of proceeds of crime has been unearthed”, an official in the agency said.
Earlier, ED had attached immovable properties to the tune of Rs 431 Crore belonging to Trikar Group, Carnoustie Group and Shivalik Group and with this attachment, the total attachment in this case has reached to around Rs 537 Crore.
UNI AKS SHK2032