In the Unitech Group PMLA case, Rs. 14 crore assets confiscated

New delhi date. 13
Under the Anti-Money Laundering Act, the Enforcement Directorate has recovered Rs. Assets worth Rs 19.12 crore have been seized. The assets seized by the ED include Multiplex in Gurugram, six properties in Lucknow and Gurugram and about two dozen bank accounts and fixed deposits. The total value of all these assets is Rs. 13.12 crore.
The assets are in the name of Innova Facility Management Services Pvt Ltd and FNM Property Services Pvt Ltd, anonymous units of Unitech promoters Ajay Chandra and Sanjay Chandra, the Enforcement Directorate said. The Chandra brothers operated these two anonymous units through their trustees. The assets seized by the ED were raised from funds diverted from the Unitech Group.
The money laundering case is based on an FIR lodged by the Delhi Police's Economic Offenses Branch and the CBI against the Unitech Group and its promoters. Unitech Group promoters Sanjay Chandra and Ajay Chandra illegally paid Rs. Earlier this year, the Enforcement Directorate had filed a criminal case against him under various provisions of the PMLA for transferring funds worth Rs 2,000 crore to Cyprus and the Cayman Islands.