Money-laundering probe against the promoters of Unitech group, accused of diverting ₹5,000 crore of homebuyers’ money, has led to provisional attachment of their assets worth ₹600 crore, the Directorate of Enforcement (ED) informed the Supreme Court on Tuesday. The bench of justices Dhananjaya Y Chandrachud and MR Shah agreed to take up the ED report on Wednesday and asked ASG Divan on the details of property attached so far. A short note prepared by the new board said, “Construction of 15,000 units has to be done by the New Management for delivery of possession to homebuyers. The erstwhile Unitech promoters Sanjay Chandra and Ajay Chandra deposited a sum of ₹377 crore with the Supreme Court registry. In addition, the sale of unsold flats across various Unitech housing projects is also expected to contribute a little over ₹3,500 crore, the note supplied by the board said.

Source: Hindustan Times August 17, 2021 17:15 UTC