Real Estate

Real Estate Transactions

ED attaches Unitech's benami entities in money laundering case

Economic Times  

Assets worth INR 18.14 crore belonging to alleged benami entities of the Unitech Group have been attached under PMLA, the anti-money laundering law, by the Enforcement Directorate (ED). The attached properties include a multiplex in Gurugram, six commercial properties in Gurugram and Lucknow, and two dozen bank accounts and fixed deposits. These assets are in the name of Enova Facility Management Services Pvt Ltd and FNM Property Services Pvt Ltd, said to be benami entities of Unitech promoters Ajay Chandra and Sanjay Chandra). This money laundering case is based on a number of Delhi Police Economic Offences Wing and CBI FIRs filed by homebuyers against Unitech and its promoters.