The Enforcement Directorate has attached 10 immovable properties valued at ₹ 197.34 crore in the case of Unitech Group.
The properties include Gangtok and Alappuzha, the office complex and two resorts in the land parcel, owned by various units of a Carnevai Group.
It is alleged that the Unitech Group converted the proceeds of the alleged crime into entities 325 crore to the Carnavie Group, whose entities had bought a number of properties.
As part of the investigation, the ED had earlier conducted searches at 35 locations in Delhi, its neighboring cities and Mumbai, including the campus of the Carnavie group.
Last month, in the same case, the agency. Attached 12 land parcels with a registered value of Rs 152.48 crore, which were owned by the promoters of Unitech Group through proxy units. He has been accused of doing over ₹ 2,000 crore of business for Cyprus and the Cayman Islands.
The ED suspects that a part of the same amount was repatriated to acquire a parcel measuring 48.56 acres located in Gurugram. They are owned by the promoters of the group through Crown Infra Projects Private Limited, Kore Communities India Private Limited and Joshu Gurgaon SEZ Private Limited.
The agency’s money-laundering investigation is based on several FIRs lodged by the Delhi Police. The ED found that funds were transferred through Singapore-based Joshu Pte to acquire Gurugram’s assets in questioning. Ltd., Tricor Residential Developers Pte. Ltd. and Tricor Property Opportunity Pte. During 2015–2020, as stated.
The funds were sent to Singaporean companies from the Cayman Islands-based Trier Fund Limited (SPC), which are allegedly controlled by promoters through another Cayman-based entity called Tricor Asset Management Limited SPC.
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