ED attaches assets worth over Rs 197 crore in connection with Unitech Group PMLA case
NEW DELHI :
THE Enforcement Directorate has attached assets worth over Rs 197 crore in connection with a money laundering case registered against real estate firm Unitech Group, the agency said on Saturday. A total of 10 properties, including a resort each in Sikkim (Gangtok) and Kerala (Alappuzha), have been provisionally attached under provisions of the Prevention of Money Laundering Act (PMLA).
“The registered value of these immovable properties is Rs 197.34 crore and these immovable properties are owned by the various entities of Carnoustie Group,” the ED said. “The Unitech Group had diverted proceeds of crime to the tune of Rs 325 crore to Carnoustie Group and in turn, the entities of Carnoustie Group purchased several immovable properties from these funds,” the ED claimed in a statement. A criminal case was registered against the them over allegations that the owners -- Sanjay Chandra and Ajay Chandra -- illegally diverted over Rs 2,000 cr to Cyprus and Cayman Island.