ED arrests ex-promoters of Unitech in money laundering case

The Enforcement Directorate has arrested former promoters of the Unitech group, Sanjay Chandra and his brother Ajay Chandra, in connection with a money laundering case.

The accused persons, who were earlier lodged in separate jails in Mumbai on the court direction, have been brought to Delhi and are expected to be produced before a special court soon. The ED arrested them following an approval from the Supreme Court for their custodial interrogation in view of the new evidence gathered by the agency.

The ED had earlier detected an “underground office” being run by Unitech founder Ramesh Chandra, which was also visited by his two sons when they were out on bail or parole. Taking cognisance of the findings, the Supreme Court had directed that they be kept in separate jails — Arthur Road Jail and Taloja Jail, in Mumbai.

The brothers, who are in judicial custody since August 2017 after they were arrested by the Economic Offences Wing of the Delhi Police, have been accused of cheating home buyers. In October, the ED arrested their father Ramesh Chandra, Sanjay Chandra’s wife Preeti Chandra and Rajesh Malik of Carnoustie group.

The agency has so far attached assets worth ₹672.52 crore in the case, which involves the total proceeds of alleged crime to the tune of ₹7,638.43 crore.


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Printable version | May 18, 2022 10:37:33 am |