ED seizes Gurugram plots valued Rs 2.45 billion

29 Mar 2023 CW Team

In connection with a money laundering investigation into real estate company Unitech and its promoters, the Enforcement Directorate (ED) announced that it has seized "possession" of 15 land parcels in Gurugram, Haryana, valued at Rs 2.45 billion. Trikar Group, a Unitech benami firm, owns the lands.

The ED had previously attached these immovable assets in accordance with the Prevention of Money Laundering Act (PMLA), and after the Adjudicating Authority of the PMLA approved the attachment, the agency has now seized "physical possession" of these land parcels, according to the statement.

Several FIRs filed by the Delhi Police's economic offences department (EOW) led to the money laundering case against the Unitech group, its promoter brothers, Sanjay and Ajay Chandra, and members of their family.

The Chandra brothers, Ramesh Chandra (their father and the founder of Unitech), Preeti Chandra (the wife of Sanjay Chandra), and Rajesh Malik (the promoter of the defendant company Carnoustie group) had all been detained by the agency in this case. In this case, the ED carried out up to 45 searches in addition to seizing assets worth a total of Rs 11.32 billion, filing two chargesheets, and attaching those assets.

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