New Delhi: Enforcement Directorate (ED) on Wednesday provisionally attached 101 land parcels and one helicopter worth Rs 81.10 crore in connection with the money laundering case registered against real estate firm Unitech Group.
The subject land parcels are situated in Santacruz in Mumbai and are owned by Shivalik Group while the helicopter is owned by King Rotors Air Charters Pvt Limited, an associate company of Shivalik Group.
The officials in ED said that 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 have purchased the subject land parcels and Helicopter from this PoC.
On March 4, ED had conducted searches on 35 locations in national capital region of Delhi and Mumbai on the premises of Shivalik Group, Trikar Group, Unitech Group and Carnoustie Group and after analysis of seized records followed by the disclosures of various persons , the above diversion of POC was unearthed.
Earlier, ED had attached immovable properties to the tune of Rs 349.82 crore belonging to Trikar Group and Carnoustie Group and with this attachment, the total attachment in this case reached Rs 431 Crore, the officials further said, adding that further investigation has been under progress.