New Delhi: Assets worth Rs 18.14 crore of alleged benami entities Unitech The Enforcement Directorate said the group has been attached under the Anti-Money Laundering Act.
The attached properties include multiplexes in Gurgaon (Haryana), six commercial properties in Gurgaon and Lucknow (Uttar Pradesh) and two dozen bank accounts and fixed deposits.
The book value of these properties is Rs 18.14 crore.
“These properties are in the name of Anova Facility Management Services Pvt Ltd and FNM Property Services Pvt Ltd, which are benami entities of Chandra (unitech promoters Ajay Chandra and Sanjay Chandra),” the agency said in a statement.
It alleged that these two benami entities were “managed by Chandra through his close confidantees and the attached assets were acquired/created from proceeds of crime diverted from the Unitech group”.
A benami transaction is an arrangement in which a property (movable or immovable) is transferred or held in the name of one person (benamidar), but is actually owned and enjoyed by another person (the beneficiary owner).
The money laundering case is based on several FIRs filed by the Economic Offenses Wing (EOW) of Delhi Police and home buyers against Unitech Group and its promoters.
The ED had earlier this year registered a criminal case against Unitech Group and its promoters under various sections of the PMLA, alleging that the owners – Sanjay Chandra and Ajay Chandra – had illegally siphoned off more than Rs 2,000 crore. Cyprus and Cayman Islands were diverted.
The total assets attached in this case have now reached Rs 690.66 crore.
Last month, the ED arrested Unitech founder Ramesh Chandra, his daughter-in-law Preeti Chandra and another executive of a company in this case.
The attached properties include multiplexes in Gurgaon (Haryana), six commercial properties in Gurgaon and Lucknow (Uttar Pradesh) and two dozen bank accounts and fixed deposits.
The book value of these properties is Rs 18.14 crore.
“These properties are in the name of Anova Facility Management Services Pvt Ltd and FNM Property Services Pvt Ltd, which are benami entities of Chandra (unitech promoters Ajay Chandra and Sanjay Chandra),” the agency said in a statement.
It alleged that these two benami entities were “managed by Chandra through his close confidantees and the attached assets were acquired/created from proceeds of crime diverted from the Unitech group”.
A benami transaction is an arrangement in which a property (movable or immovable) is transferred or held in the name of one person (benamidar), but is actually owned and enjoyed by another person (the beneficiary owner).
The money laundering case is based on several FIRs filed by the Economic Offenses Wing (EOW) of Delhi Police and home buyers against Unitech Group and its promoters.
The ED had earlier this year registered a criminal case against Unitech Group and its promoters under various sections of the PMLA, alleging that the owners – Sanjay Chandra and Ajay Chandra – had illegally siphoned off more than Rs 2,000 crore. Cyprus and Cayman Islands were diverted.
The total assets attached in this case have now reached Rs 690.66 crore.
Last month, the ED arrested Unitech founder Ramesh Chandra, his daughter-in-law Preeti Chandra and another executive of a company in this case.
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