The enforcement directorate (ED) has provisionally attached Bed and Breakfast hotel in London worth Rs58.61 crore as part of its ongoing investigation into a money laundering case against Unitech group. This hotel is owned by Ibournshorne Ltd, a UK-based associate company of Carnoustie group.
“Money laundering investigation by ED has revealed that tainted funds to the tune of Rs325 crore belonging to homebuyers were diverted to Carnoustie Group. Out of this, Rs41.3 crore were diverted to UK after substantial layering through Carnoustie group, India and through Indesign Enterprises Pvt Ltd, Cyprus. These funds were used for purchasing the shares of Ibounshorne in the name of Carnoustie Management India Pvt Ltd, an entity belonging to Carnoustie group,” the agency says.
ED had initiated money laundering investigation based of various first information reports (FIRs) filed by homebuyers against Unitech and its promoters in Delhi police.
Earlier, ED had conducted searches on 38 locations in the national capital region (NCR) and Mumbai on the premises of Shivalik group, Trikar group, Unitech group and Carnoustie group.
According to the agency’s claim, total proceeds of crime in the case has been arrived at Rs5,063.05 crore as determined till now.
ED had earlier attached immovable properties to the tune of Rs537 crore belonging to Trikar group, Carnoustie group and Shivalik group. With this attachment, the total attachment in this case reached to Rs595.61 crore.