ED attaches assets worth Rs 81 cr, including chopper in Unitech case


New Delhi, Jun 23 (IANS): The Enforcement Directorate (ED) on Wednesday said that it has attached 101 land parcels and a helicopter worth Rs 81.10 crore in relation to the investigation being conducted against Unitech Group.

An ED official said that the financial probe agency has attached assets of the Shivalik Group situated in Santacruz, Mumbai.

He said that the helicopter is owned by King Rotors Air Charters Pvt Ltd, an associate company of Shivalik Group.

The official said that the money laundering probe revealed that the Unitech Group had diverted proceeds of crime to the tune of Rs 574 crore to Shivalik Group and in turn, the entities of Shivalik Group has purchased the subject land parcels and helicopter with the same money.

The official said that on March 4 this year, the agency had conducted searches on 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 the money has been unearthed," he said.

Earlier, the ED had attached immovable properties, to the tune of Rs 349.82 crore, belonging to Trikar Group and Carnoustie Group.

With the latest, the total attachment in this case reached to Rs 431 crore.

 

  

Top Stories


Leave a Comment

Title: ED attaches assets worth Rs 81 cr, including chopper in Unitech case



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.