The Enforcement Directorate (ED) has connected a helicopter and over 100 land parcels in Mumbai price a complete of Rs 81 crore in reference to a money-laundering probe towards realty agency Unitech Group, the company stated on Wednesday. It stated a provisional order for attachment of those properties owned by the Shivalik Group and its associates has been issued beneath felony sections of the Prevention of Cash Laundering Act (PMLA).
The full worth of the helicopter, owned by King Rotors Air Charters Pvt Restricted, and the 101 land parcels situated in Mumbai’s Santa Cruz space is Rs 81.10 crore, the ED stated in a press release. The motion has been taken “in relation to the investigation being performed towards Unitech Group”, the probe company stated.
Whereas the plots of land are owned by the Shivalik Group, the corporate that owns the chopper is its affiliate agency, it stated. The probe has “revealed that Unitech Group had diverted proceeds of crime to the tune of Rs 574 crore to Shivalik Group and, in flip, the entities of Shivalik Group bought the stated land parcels and helicopter from these proceeds of crime,” the ED alleged.
The Enforcement Directorate, early this yr, filed a felony case beneath varied sections of the PMLA towards 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 Financial Offences Wing (EOW) towards these promoters and the corporate, together with an occasion the place they allegedly failed to finish a housing undertaking 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 evaluation of the seized information adopted by the disclosures of varied individuals, the above diversion of proceeds of crime has been unearthed,” it alleged. The full attachment on this case now stands at Rs 431 crore as two comparable orders had been earlier issued that froze belongings price Rs 349.82 crore.
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