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Home / Business / ED attaches assets worth over Rs 197 cr in connection with Unitech Group PMLA case

ED attaches assets worth over Rs 197 cr in connection with Unitech Group PMLA case

A total of 10 properties have been provisionally attached under the Prevention of Money Laundering Act
A few days ago, the agency had similarly attached assets worth Rs 152.48 crore of Unitech Group.

PTI   |   New Delhi   |   Published 04.04.21, 12:40 AM

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 the Prevention of Money Laundering Act (PMLA).

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“The registered value of these immovable properties is Rs 197.34 crore and these properties are owned by various entities of Carnoustie Group,” the ED said.

“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.

A few days ago, the agency had similarly attached assets worth Rs 152.48 crore of Unitech Group. A criminal case was registered under various sections of the PMLA against the Unitech Group and its promoters over allegations that the owners — Sanjay and Ajay Chandra —illegally diverted over Rs 2,000 crore to Cyprus and Cayman Island.



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