The Enforcement Directorate (ED) has connected a helicopter and over 100 land parcels in Mumbai value a complete of Rs 81 crore in reference to a money-laundering probe towards realty agency Unitech Group, the company mentioned on Wednesday. It mentioned a provisional order for attachment of those properties owned by the Shivalik Group and its associates has been issued underneath legal sections of the Prevention of Money Laundering Act (PMLA).
The complete worth of the helicopter, owned by King Rotors Air Charters Pvt Limited, and the 101 land parcels positioned in Mumbai’s Santa Cruz space is Rs 81.10 crore, the ED mentioned in an announcement. The motion has been taken “in relation to the investigation being performed towards Unitech Group”, the probe agency said.
While the plots of land are owned by the Shivalik Group, the company that owns the chopper is its associate firm, it said. The probe has “revealed that Unitech Group had diverted proceeds of crime to the tune of Rs 574 crore to Shivalik Group and, in turn, the entities of Shivalik Group purchased the said land parcels and helicopter from these proceeds of crime,” the ED alleged.
The Enforcement Directorate, early this yr, filed a legal case underneath 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 Economic Offences Wing (EOW) towards these promoters and the corporate, together with an occasion the place they allegedly failed to finish a housing venture on time in Gurgaon. On March 4, the ED additionally carried out raids at 35 places 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 data adopted by the disclosures of varied individuals, the above diversion of proceeds of crime has been unearthed,” it alleged. The total attachment in this case now stands at Rs 431 crore as two similar orders were earlier issued that froze assets worth Rs 349.82 crore.
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