ED Seizes Rs 197Cr Asset Of Unitech Group Under Money Laundering Case

The Enforcement Directorate has seized properties worth Rs 197 crore at a real-estate firm ‘Unitech Group.’ Reportedly, the ED attached 10 assets of Unitech in a case of allegedly siphoning over Rs 2,000 crore to Cyprus and Cayman Islands. Framed under the PMLA provisions by the Delhi Police’s Economic Offence Wing for failing to complete a Gurgaon-based housing project, the ED booked promoters Sanjay Chandra and Ajay Chandra under the criminal charges.