The Enforcement Directorate (ED) has recently arrested Ramesh Chandra, founder of Unitech, a reputed real estate sector company, and his daughter-in-law Preeti Chandra in a major operation. Yes, Preeti Chandra is the wife of Sanjay Chandra, a former owner of Unitech. The arrest is said to have taken place in a money laundering case. In fact, the Enforcement Directorate has also arrested Rajesh Malik of Carnoustie Management (India) Private Limited in the case. According to reports, the trio was arrested from Delhi last Monday evening. Giving details, ED said, "All of them will be produced before the court on October 5 for remand.''
Let us also inform all of you that the former owner of Unitech, Sanjay Chandra and his brother are already lodged in Mumbai jail. At the same time, on September 30, the ED had seized 29 land parcels worth about Rs 30.29 crore in connection with the ongoing investigation against Unitech Group. This land parcel is located in Sector 96-98, Noida, Uttar Pradesh. At the same time, the ED had said that these lands were illegally allotted to Carnoustie Management (India) Private Limited (CMPL) on behalf of Chandra of Unitech Group. Not only this, the ED in its investigation found that Unitech Group had wrongly diverted an amount of about Rs 347.95 crore to the Carnoustie Group. In return, Carnoustie Group entities have purchased many immovable properties in India and abroad with this money. Now the ED claims that the total criminal proceeds, in this case, are about Rs 7,638.43 crores.
What's the matter- Yes, a case of bank fraud has been registered against Ramesh Chandra, founder of real estate company Unitech Limited and his sons Sanjay Chandra and Ajay Chandra. According to the allegations, the trio had a fraud of Rs 198 crores from Canara Bank. They are also accused of embezzlement of money of home buyers.