New Delhi: Enforcement Directorate has attached 10 immovable properties including two resorts in Gangtok (Sikkim) and Alappuza (Kerela), office premises, land pieces etc in Unitech Group case, an official in the agency said here on Saturday.
The registered value of these properties is Rs 197.34 Crore, owned by the various entities of Carnoustie Group.
Unitech Group had diverted ‘Proceeds of Crime’ to the tune of Rs 325 Crore to Carnoustie Group and in turn, the entities of Carnoustie Group has purchased several immovable properties from this PoC.
Ealier, the probe agency had conducted searches on 35 locations in Delhi, NCR and Mumbai including the premises of Carnoustie Group and after analysis of seized records followed by the admissions of various persons, the above investment of Unitech Group had surfaced.
In past, ED had attached immovable properties to the tune of Rs. 152.48 Crore pertaining to Trikar Group and Kore Group and so far, total attachment in this case has been done worth Rs 349.82 Crore.
ED attaches movable & immovable assets in black money cases
Enforcement Directorate (ED) has attached movable and immovable properties in the cases of scheduled offence of Black Money (Undisclosed Foreign Income and Asset) and Imposition of Tax Act, 2015, an official statement said here on Saturday.
Under this, the probe agency attached properties worth Rs 3.27 Crore in its ongoing investigation in the matter of Sundru Bhagwandas Hiranandani.
“Sundru Bhagwandas Hiranandani had undisclosed assets originating from his offshore company incorporated in British Virgin Islands. The company has bank accounts in Singapore with funds to the tune of Rs 3.27 Crore”, the ED said, adding that further investigation in this case was in progress.
Similarly, while investigating a money laundering case, it was found that R P Mansinghka has "the beneficial interest/ownership in foreign assets, company, account and failed to disclose the same in his return of income filed before the Income Tax Authorities", the ED said.
The probe agency has provisionally attached amount of Rs 3 Crore as equivalent value of ‘proceeds of crime’ pertaining to RP Mansinghka.
ED attaches properties over 67 Cr in 4 different cases of bank frauds
Enforcement Directorate(ED) on Saturday said that it has attached movable and immovable assets over Rs 67 Crore in the three cases of bank fraud by various companies.
In the case of Pushpendra Kumar Baid, the ED has attached assets worth around Rs 24 Crore of absconding accused Pushpesh Kumar Baid, his family members and his associated firms in an alleged Rs 182 crore bank loan fraud case.
The probe agency had attached several movable and immovable properties including investments made in shares of the other companies. Immovable assets has been located in the prominent areas of Ballygunge, Rash Behari Avenue, Chowringhee in West Bengal and Tripur in Andhra Pradesh.
“On the basis of FIR registered by Central Bureau of Investigation and during the course of investigation, it was revealed that director of Mala Textiles Private Limited Pushpesh Kumar Baid obtained several types of bank loans from different banks by presenting inflated and false financial statements of his company along with forged land deeds and then subsequently loan funds were siphoned off by using several fictitious bank accounts”, the ED said, adding that further investigation in this case under progress.
In the second case, the probe agency initiated investigation on the basis of FIR registered by Kolkata CBI against M K Patel Exim Pvt Ltd and its directors namely Om Prakash Pandey and Prakash Pandey and others in relation to defraud the banks to the tune of around Rs 50 Crore.
During money laundering investigation, the investigation agency revealed that Om Prakash Pandey and Prakash Pandey along with their family members and their associates and sister concern through the above mentioned company had opened LCs for Rs 61 crore in favor of their sister concern to import logs.
“It is further revealed that the borrower company diverted the funds to their associate/sister concern and did not repay the loan to consortium banks, with an intension to defraud the bank to the tune of around Rs 50 Crore”, the ED said ,adding that it attached movable and immovable properties held in the name of directors of above borrower company and their sister concern to the tune of Rs 17.86 Crore.
Similarly, the ED has provisionally attached immovable and moveable properties worth around Rs 18.6 Crore of ICON Tower LLP, an associate entity of Shree Ganesh Jewellery House (I) Ltd. and front company of Nilesh Parekh, one of the founders of SGJHIL, in connection with bank fraud case.
Money laundering investigation revealed that the account of the Icon Tower LLP was used by Nilesh Parekh for its own purpose which establishes its connection, the central probe agency said.
In case of defrauding the bank, the Central financial probe agency has provisionally attached immovable properties worth around Rs 6.60 Crore Impex Ferro Tech Ltd and SPS Steels Rolling Mills Ltd. The agency had attached immovable and moveable properties more than Rs 92 Crore in this case.
Money laundering investigation was initiated on the basis of FIR lodged by CBI against SPS Steels Rolling Mills Ltd owned by Bipin Kumar Vohra, in connection with cheating on the member Banks of the consortium led by Allahabad Bank to the tune of Rs 551.13 Crore.
The investigation agency revealed that Impex Ferro Tech Ltd raised false Tax Invoices cum Challan showing sale of TMT Bars to SPS Steels Rolling Mills Ltd in order to inflate the financials of SPS Steels Rolling Mills Ltd.
In the transactions, Rs.6.60 was laundered by Bipin Kumar Vohra with the help of Impex Ferro Tech Ltd, a company run by Ankit Patni, the ED said.(UNI)