Mumbai: The Enforcement Directorate (ED) has provisionally attached 101 land parcels and one helicopter worth Rs. 81.10 crore in relation to the investigation being conducted against Unitech Group, the agency officials informed on Wednesday. The subject land parcels are situated in Santacruz and are owned by the Shivalik Group, ED claimed in a statement. The helicopter is owned by M/s King Rotors Air Charters Pvt Limited, an associate company of the Shivalik Group.
Investigation by the ED revealed that Unitech Group had allegedly diverted Proceeds of Crime (POC) to the tune of Rs 574 crore to Shivalik Group and in turn, the entities of Shivalik Group has purchased the subject land parcels and a helicopter from this Proceeds of Crime. On March 04, ED had conducted searches on 35 locations in NCR and Mumbai on the premises of Shivalik Group, Trikar Group, Unitech Group and Carnoustie Group.
"After analysis of seized records followed by the disclosures of various persons, the above diversion of POC has been unearthed. Earlier, ED had attached immovable properties to the tune of Rs 349.82 crore belonging to Trikar Group and Carnoustie Group. With this attachment, the total attachment in this case reached to Rs 431 crore," the ED claimed in a statement.