Unitech

Rs 395-cr bank fraud: CBI files new case against Unitech, former directors

The CBI has filed a new case against Unitech Limited and its former directors in connection with an alleged fraud in the IDBI bank involving an amount of Rs 395 crore, officials said. Nearly six months after a complaint from the bank, the Central Bureau of Investigation (CBI) has booked the company and its former promoters and directors Ramesh Chandra, Ajay Chandra and Sanjay Chandra under the Indian Penal Code (IPC) sections dealing with criminal conspiracy and cheating and provisions of the Prevention of Corruption Act, the officials said. The accused Unitech founders are facing another CBI probe pertaining to an alleged fraud in the Canara Bank. The company was allegedly enjoying a vendor bill discounting (VBD) facility, a kind of credit, of Rs 400 crore from the IDBI bank in 2012, the officials said. "Due to slowdown in real estate sector and pile up of inventory, the company was facing liquidity mismatch, and the payment of VBD bills was delayed," the complaint, now a part of

'Unitech promoter brothers used homebuyers' money to bribe Tihar officials'

ED said its probe has found that homebuyers' funds amounting to Rs 244 crore were "illegally diverted" by Unitech promoters Ajay and Sanjay Chandra to CIG Realty Fund

Unitech case: ED attaches Rs 257-cr assets; total attachment at Rs 1,059 cr

A senior ED official said that the attached properties include residential, commercial units, land parcels, demand drafts, equity shares and bank account balance

SC asks statutory bodies to hold meeting with Unitech board on approvals

The Supreme Court on Thursday directed statutory authorities Town and Country Planning department, Noida, and Greater Noida to hold a meeting with the new board of management of Unitech

Money laundering case: ED files fresh chargesheet against Unitech promoters

The ED has filed a fresh chargesheet before a court in connection with its money laundering probe against realty group Unitech, its promoter brothers and others, said the federal agency.

SC allows Unitech founder Ramesh Chandra to move PMLA court to seek bail

ED tells SC it will file charge sheet next week in money laundering case against Unitech's ex-promoters Sanjay and Ajay Chandra

Money laundering case: Delhi court sends ex-Unitech promoters to ED custody

The arrest came after the Supreme Court earlier this month allowed ED's plea for a fresh custodial interrogation of the duo

ED arrests Unitech promoters Ajay, Sanjay Chandra in money laundering case

The arrests were made after the federal probe obtained the Supreme Court's permission

ED seeks custodial interrogation of Unitech's Chandra brothers

The Enforcement Directorate sought custodial interrogation of the former promoters of Unitech, Sanjay Chandra and Ajay Chandra, stating that it has 'bulky evidence' against them

SC allows new board of Unitech to appoint PMCs to complete stalled projects

The new board of Unitech has earlier told the court currently there are 74 (residential) and 10 (Commercial) under-construction projects

SC asks Unitech Group, Suraksha ARC to sit and resolve dispute over claims

Both parties will hold the discussions from Saturday onwards till the issue is resolved; the bench said and listed the matter for further hearing on October 27.

SC orders probe into collusion of Tihar officials with ex-Unitech promoters

SC orders full-fledged probe based on Delhi Police Commissioner Rakesh Asthana's sealed cover report on Tihar officials, Chandras' collusion

Unitech founder, daughter-in-law held by ED in money-laundering case

The ED's money laundering case is based on a number of Delhi Police Economic Offences Wing and CBI FIRs filed by homebuyers against the Unitech Group and its promoters

Enforcement Directorate attaches Rs 30-cr worth Noida plots of Unitech

The 29 land plots, worth a total Rs 30.29 crore, have been attached provisionally under the Prevention of Money Laundering Act (PMLA)

SFIO seeks SC nod to file report on probe into affairs of Unitech

The Serious Fraud Investigation Office (SFIO) on Wednesday told the Supreme Court that it has prepared a report on irregularities in Unitech Ltd and has found some of its properties

Unitech's Chandra brothers moved from Tihar to Mumbai jails

Director General (Prisons) Sandeep Goel confirmed that the brothers were moved on Saturday.

Unitech owners operating from Tihar, Supreme Court shifts them to Mumbai

Both Sanjay and Ajay, who are in jail since August 2017, are accused of siphoning off home buyers' money

ED attaches London hotel in Unitech Group money laundering case

An ED official here said that the agency has attached the hotel in London under sections of the Prevention of Money Laundering Act (PMLA)

ED attaches 3 Gurugram plots in money laundering case against Unitech Group

The total attachment in this case now stands at Rs 537 crore as two similar orders were earlier issued that froze assets worth about Rs 431 crore.

SC asks TSIIC to pay Unitech Rs 165 cr in case related to township project

This comes as a relief to cash-strapped Unitech