The Enforcement Directorate (ED) has provisionally attached 101 land parcels and one helicopter worth Rs 81.10 crore in a money laundering probe against the Unitech Group.
The attached land parcels are situated in Santacruz, Mumbai and are owned by the Shivalik Group. The helicopter is owned by King Rotors Air Charters Pvt Ltd., an associate company of Shivalik Group.
The ED probe revealed that Unitech Group had diverted ‘Proceeds of Crime’ to the tune of Rs 574 crore to the Shivalik Group and in turn, the entities of Shivalik Group had purchased the land parcels and helicopter from this.
On March 4, the ED had conducted searches at 35 locations in NCR and Mumbai on the premises of Shivalik Group, Trikar Group, Unitech Group and Carnoustie Group.
“After analysis of seized records followed by the disclosures of various persons, the above diversion of Proceeds of Crime has been unearthed,” the agency said.