ED seizes Unitech group-related assets in GGN, Goa, and Chennai for Rs 257 billion.

Enforcement Directorate has attached assets worth Rs 257 crore to Gurgaon, Goa, Chennai, and other cities connected to Unitech group . Total value of Chandra family shares, Ajay Chandra and Sanjay Chandra, and those under custody, including their overseas properties, has now risen to almost Rs 1,100 crore .

New Delhi: The Enforcement Directorate has attached assets worth Rs 257 crore to Gurgaon, Goa, Chennai, and other cities connected to the Unitech group, including bank balances.The total value of Chandras' shares, Ajay Chandra and Sanjay Chandra, and those that are under their custody, including their overseas properties, has now risen to almost Rs 1,100 crore.The properties listed by the department on Thursday are owned by Chandra Investment Group (CIG) Realty Fund and Authentic Group, where homebuyers' funds were allegedly diverted.According to the ED, the provisionally attached properties include residential and commercial units, land parcels, demand drafts, equity shares, and the bank account balance.

The Delhi Police and the CBI have separate FIRs filed in its money laundering investigation.During the course of the investigation, the ED arrested promoters and leaders of the Unitech corporation, including Sanjay Chandra, Ajay Chandra, Ramesh Chandra, Preeti Chandra, and Rajesh Malik.As of today, all of them are being held in prison.Chandras unlawfully diverted Rs 244 crore in home-buyers funds to CIG Realty Fund, according to the investigation.

The Chandras are also accused of using the CIG Realty fund to siphon off the investors fund and use it to finance their illicit activities, such as bribing Tihar jail officials and other personal expenses of Ajay Chandra and Sanjay Chandra.