The Enforcement Directorate (ED) on Monday said it has provisionally attached land worth `125.06 crore belonging to Unitech Infopark Limited in connection with a money laundering probe linked to allegations of complaints from home buyers of the Unitech group.
The ED has provisionally attached 39.83 percent share of 4.79 acres of land that forms part of the Uniworld City township at Nallambakkam in Chennai.
“The value of the land attached is `125.06 crore. The said land is owned by Unitech Infopark Limited in which 39.83 per cent shares are held by Narnil Infosolutions Private Limited (a benami company of the Chandras, the promoters of Unitech Group),” the ED said in a statement.
The action is part of an investigation undertaken by the ED based on cases registered by the Delhi Police and CBI on the complaints from home buyers against Unitech Group, its promoters and others, it said. In its investigation, ED detected that the Chandras of Unitech had allegedly invested the ‘proceeds of crime’ to the tune of USD 1.50 crore (present value `125.06 crore) through Narnil Infosolutions Private Limited into Unitech Infopark Limited in 2009-10 by acquiring 39.83 per cent shares of the said company, the agency said.
The agency probe revealed that Narnil Infosolutions Private Limited is beneficially owned by the Chandras and was being controlled through their associates.
“During the course of investigation, ED had arrested five individuals namely Sanjay Chandra, Ajay Chandra, Ramesh Chandra, Preeti Chandra and Rajesh Malik. Till now, two prosecution complaints have been filed by the ED and cognisance of the same have been taken by the PMLA Court,” it said.
So far, the ED has provisionally attached domestic and overseas assets worth `1,257.61 crore.