IANS | 25 Sep, 2023
The Enforcement Directorate (ED) on Monday said that it has attached
39.83 per cent share of 4.79 acre land forming parts of the township
Uniworld City, Nallambakkam in Chennai in a case involving the Unitech
Group.
"The value of the land attached is worth Rs 125.06 crore.
Total proceeds of crime of Rs 7,612 crore has been detected till now in
this case," said the ED.
The said land is owned by Unitech
Infopark Limited in which 39.83 per cent shares are held by Narnil
Infosolutions Private Limited (a benami company of Chandras the
Promoters of Unitech Group).
The ED initiated PMLA investigation
based on various FIRs registered by Delhi Police and the CBI over
complaints by homebuyers against Unitech Group, its promoters and
others.
The ED investigation revealed that Chandras of Unitech had
invested the Proceeds of Crime to the tune of USD 15,087,114 (present
value Rs 125.06 crore) through Narnil Infosolutions Private Limited into
Unitech Infopark Limited in the year 2009-10 by acquiring 39.83 per
cent shares of the said company.
"Investigation revealed that
Narnil Infosolutions Private Limited is beneficially owned by Chandras
and was being controlled through their associates," said the ED.
During
the course of investigation, the ED had arrested five individuals,
namely Sanjay Chandra, Ajay Chandra, Ramesh Chandra, Preeti Chandra and
Rajesh Malik. Till now, two prosecution complaints have been filed by
the ED and cognizance of the same have been taken by the PMLA Court.
"Vide
17 Provisional attachment orders, including the current attachment,
various domestic and overseas assets having total value of Rs 1,257.61
crore have been attached. The attachment includes assets of Carnoustie
Group, Shivalik Group, Trikar Group and the assets of Shell, Benami and
personal companies of Chandras, etc. Total proceeds of crime of Rs 7,612
crore has been detected till now in this case," said the ED.
Further investigation into the matter is ongoing.
