The Enforcement Directorate has attached properties worth over Rs 150 crores owned by promoters of the real estate firm Unitech group.
The assets include 12 land pieces spread across 48.56 acres in Gurgaon, Haryana.
“The registered value of these land pieces comes to ₹152.48 crore and these are owned by promoters of Unitech Group through proxy or benami entities like Crown Infra Projects Pvt Ltd, Kore Communities India Pvt Ltd and Joshu Gurgaon SEZ Pvt Ltd,” the ED said.
“These three companies are part of one Trikar Group/Kore Group which is benami investment of the Chandra family of Unitech Group,” the ED alleged.
ED provisionally attaches 12 land pieces worth Rs. 152.48 Crore having total area 48.56 acres situated in Gurugram, Haryana owned by Chandra family of Unitech Group through proxy/benami entities companies.
— ED (@dir_ed) March 30, 2021
The criminal case against Unitech Group and its promoters was filed under the Prevention of Money Laundering Act (PMLA) and is related to allegations that Sanjay Chandra and Ajay Chandra had illegally diverted more than Rs 2,000 crore to Cyprus and Cayman Island.