The Directorate of Enforcement (ED) has provisionally attached 39.83% share of 4.79 acre land forming parts of the township, Uniworld City, Nallambakkam, Chennai in a case pertaining to Unitech Group. The value of the land attached is worth ₹125.06 crore.
The land is owned by Unitech Infopark Limited in which 39.83% shares are held by Narnil Infosolutions Private Limited (a benami company of Chandras the promoters of Unitech Group). ED initiated investigation on the basis of various FIRs registered by Delhi Police and CBI, based on complaints by home buyers against Unitech Group, its promoters and others.
ED investigation had revealed that Chandras of Unitech had invested the proceeds of crime to the tune of $15,087,114 (present value ₹125.06 crore) through Narnil Infosolutions Private Limited into Unitech Infopark Limited in the year 2009-10 by acquiring 39.83% shares of the said company.
