Shivani Gadhavi
Published On: February 19, 2022 at 14:35 IST
The Enforcement Directorate (ED) on February 17, 2022 filed the second Chargesheet against five individual persons and sixty-six companies from overseas pertaining to a money laundering case against the Unitech Group.
The Directorate named five persons in the first Chargesheet vis-a-vis the promoter of the Unitech Group- Sanjay Chandra and his wife Preeti Chandra, his brother Ajay Chandra, his father Rajesh Chandra and another Ramesh Mallik, currently all of them are under Judicial Custody.
Earlier the Supreme Court of India had ordered the Enforcement Directorate to probe a case of money laundering against the Unitech Group pertaining to certain allegations that were made against the aforementioned promoters of the Group. The allegations made were of illegal diversion of money worth INR 2,000 crores.
The Enforcement Directorate (ED) had filed a money laundering case against the Unitech Group on June 6, 2018 on the basis of several First Information Reports (FIRs) that were registered by the Economic Offices Wing of the Delhi Police and on December 2, 2021, it filed the first prosecution complaint (chargesheet) against the Group.
The Federal Agency informed that overall, 43 searches were made till now, pertaining to the case and that in total INR 6,352 crores are detected as proceeds of the crime. The Directorate also detected 297 domestic and overseas firms and companies of the Group which have assets worth INR 763 crores, these were attached in provisional attachment orders.
The aforementioned Accused persons are also accused of making multiple default payments worth INR 198 crores to the Canara Bank.