New Delhi: A Delhi Court Sent three people including the former on Tuesday Unitech group originator Sanjay Chandrawife of Preeti Chandra and his father Ramesh Chandra in ED custody in a case money laundering case.
Additional Sessions Judge Dharmender Rana Preeti Chandra has been sent to ED custody till October 9, Ramesh Chandra till October 8 and Rajesh Malik till October 11.
The Enforcement Directorate has sought seven days custody of the accused persons for custodial interrogation in the case.
Senior advocate PK Dubey, appearing for Preeti Chandra, opposed the remand application and said that she appeared before the probe agency as and when required by the ED and there was no need for custody.
Dubey said that his client “cooperated fully with the investigation” and to date, nothing incriminating has been found from any of his premises and nothing has been recovered or searched at his behest.
Ramesh Chandra is the founder of Unitech Limited.
Rajesh Malik is the executive of Carnoustie Management (India) Pvt Ltd, which is allegedly linked to the case
Sanjay Chandra and his brother Ajay Chandra were earlier arrested by the Economic Offenses Wing of Delhi Police in 2017 for cheating home buyers.
The ED, while seeking custody on Tuesday, said that during the probe it has come to light that the promoters of the Unitech group along with their associates earned proceeds of crime to the tune of Rs 7,638.43 crore.
It said the proceeds of crime were further layered and laundered for various entities, including Chandra’s benami entities of Unitech Group.
It has been claimed, “In investigation, homebuyer/debt/investor funds worth Rs 2345 crore have been diverted to countries like Cayman Islands, Cyprus, Isle of Man, Mauritius, UK, USA, Jersey and Singapore.”
Pursuant to the look out circular issued by the ED, the accused tried to escape from India keeping in view the infiltration action, but could not as he was stopped at the Delhi airport (on 10.03.2021).
Subsequently, on March 10, 2021, the accused was interrogated in the ED and it was revealed that the accused had the citizenship of Republic of Dominica which he had acquired on May 28, 2018.
“It is pertinent to mention here that Republic of Dominica is a tax haven as well as a safe hiding place for most of the global fugitive economic offenders including Mehul Choksi,” it claimed.
Additional Sessions Judge Dharmender Rana Preeti Chandra has been sent to ED custody till October 9, Ramesh Chandra till October 8 and Rajesh Malik till October 11.
The Enforcement Directorate has sought seven days custody of the accused persons for custodial interrogation in the case.
Senior advocate PK Dubey, appearing for Preeti Chandra, opposed the remand application and said that she appeared before the probe agency as and when required by the ED and there was no need for custody.
Dubey said that his client “cooperated fully with the investigation” and to date, nothing incriminating has been found from any of his premises and nothing has been recovered or searched at his behest.
Ramesh Chandra is the founder of Unitech Limited.
Rajesh Malik is the executive of Carnoustie Management (India) Pvt Ltd, which is allegedly linked to the case
Sanjay Chandra and his brother Ajay Chandra were earlier arrested by the Economic Offenses Wing of Delhi Police in 2017 for cheating home buyers.
The ED, while seeking custody on Tuesday, said that during the probe it has come to light that the promoters of the Unitech group along with their associates earned proceeds of crime to the tune of Rs 7,638.43 crore.
It said the proceeds of crime were further layered and laundered for various entities, including Chandra’s benami entities of Unitech Group.
It has been claimed, “In investigation, homebuyer/debt/investor funds worth Rs 2345 crore have been diverted to countries like Cayman Islands, Cyprus, Isle of Man, Mauritius, UK, USA, Jersey and Singapore.”
Pursuant to the look out circular issued by the ED, the accused tried to escape from India keeping in view the infiltration action, but could not as he was stopped at the Delhi airport (on 10.03.2021).
Subsequently, on March 10, 2021, the accused was interrogated in the ED and it was revealed that the accused had the citizenship of Republic of Dominica which he had acquired on May 28, 2018.
“It is pertinent to mention here that Republic of Dominica is a tax haven as well as a safe hiding place for most of the global fugitive economic offenders including Mehul Choksi,” it claimed.
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