Properties Linked to Unitech Money Laundering Beings Dissipated: ED

An Enforcement Directorate (ED) investigation has revealed that properties involved in the money-laundering case against promoters of Unitech are being “actively dissipated” by those who have benefitted from the alleged crime, people aware of the matter said. The agency claims to have “intelligence inputs” which suggest that there is an attempt to sell the assets by individuals who are alleged to be involved in money laundering and benefitted – directly or indirectly – from the activity.

ED has recorded the statement of Yogesh Gupta, a consultant of the kore/Trikar Group, and also a close confident of the Chandra’s of Unitech. According to the agency, the Trikar/Kore Group is “beneficially owned” and controlled by the Chandra family, especially Sanjay Chandra and his wife, Preeti Chandra.

According to the agency, Gupta’s examination has revealed that Sanjay Chandra’s father, Ramesh Chandra, had in January 2021 sought his assistance in selling a property maintained in an alleged benami/shell company called Sky Events Management Pvt Ltd. The property has since been sold.

Gupta has future alleged he knew Sanjay Chandra and his brother, Ajay, since 2014 and that he attended the launch party of the Trikar/Kore Group in 2017 at a Gurgaon hotel. The brothers are currently in jail.

Gupta also claims to have met Sanjay and Ajay Chandra in Tihar jail on many occasions during 2017-19 as when they discussed issues relating to Trikar/Kore Group. S-ET

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