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Unitech money laundering case: ED attaches London hotel valued at Rs 59 crore SECTIONS Last Updated: Jul 30, 2021, 02:03 PM IST Share Synopsis The agency, in a press statement on Friday said it had initiated money laundering investigation on the basis of various FIRs filed by homebuyers against Unitech Group & its promoters before Delhi Police. iStock The Enforcement Directorate has provisionally attached a hotel namely “Bed and Breakfast”, having present value of Rs. 58.61 crore approximately, situated in London, owned by M/s Ibournshorne Limited, an UK based associate company of Carnoustie Group, as part of its ongoing probe into a money laundering case against Unitech Group. ....
ED attaches London hotel in Unitech money-laundering case According to ED, Unitech Ltd had diverted home buyers’ money to the tune of Rs 325 crore to Carnoustie Group. Share Via Email | A+A A- By Express News Service NEW DELHI: The Enforcement Directorate (ED) has provisionally attached London-based hotel in a money-laundering case against Unitech. The hotel Bed and Breakfast valued at Rs. 58.61 crore, is owned by M/s Ibournshorne Limited, a UK-based associate company of Carnoustie Group. According to ED, Unitech Ltd had diverted home buyers’ money to the tune of Rs 325 crore to Carnoustie Group. The ED Investigation showed that funds were diverted to the UK through Carnoustie Group, India and through Indesign Enterprises Pvt. Ltd, Cyprus. These funds were used for purchasing the shares of Ibounshorne Limited in the name of Carnoustie Management India Pvt Limited, an entity belonging to Carnoustie Group. ....
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