ED attaches London hotel in Unitech Group money laundering case
The Enforcement Directorate (ED) has attached a hotel in London worth Rs 58.61 crore, owned by Carnoustie Group’s associate company Ebornshorn Ltd, in a money laundering case involving the Unitech Group. An ED official said here that the agency has attached the London hotel under sections of the Prevention of Money Laundering Act (PMLA).
The ED had registered a money laundering case against Unitech Group and its promoters before the Delhi Police on the basis of various FIRs filed by home buyers.
The financial probe agency official said that money laundering probe has revealed that Rs 325 crore fund belonging to home buyers was given to Carnoustie Group.
He said, out of this Rs 41.3 crore was diverted to UK after substantial layering through Connersty Group, India and Indesign Enterprises Pvt Ltd, Cyprus.
These funds were used to buy shares of Ebonshorn Ltd., UK in the name of Connersty Management India Pvt Ltd, an entity belonging to the Connersty Group, he said.
Earlier, the ED had conducted searches at 38 places in the premises of Shivalik Group, Trikar Group, Unitech Group and Conarsty Group in NCR and Mumbai, the official said. He said, the total proceeds of the crime in the case have so far been determined to be Rs 5,063.05 crore.
He said, the agency had earlier attached immovable properties worth Rs 537 crore belonging to Trikar Group, Carnoustie Group and Shivalik Group.
He said, with the attachment of Rs 58.61 crore, the total attachment in this case reached Rs 595.61 crore.
