ED attaches assets worth ₹106.08 cr. in Unitech Group case
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The Enforcement Directorate has hooked up three land parcels worth ₹106.08 crore in reference to a case in opposition to Unitech Group and others. The complete attachment in the case now stands at ₹537 crore.
The land parcels, situated in Gurugram, had been purchased by two dummy entities of the Unitech Group promoters — Erode Projects Private Limited and Kore communities Private Limited — from the group corporations, in keeping with the company. The funds for getting the land was allegedly routed by way of Singapore and Cayman Islands.
The ED probe is predicated on a number of First Information Reports lodged by house consumers in opposition to the Unitech Group and its promoters with the Delhi police. The complete proceeds of alleged crime calculated up to now is about ₹5,063.05 crore.
On March 4, the company had performed searches on 35 premises of Shivalik Group, Trikar Group, Unitech Group and Carnoustie Group in the nationwide capital area and Mumbai.
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