Making this cost for the primary time, the federal company has alleged that Preeti Chandra had “financial linkage” with Unitech and that “substantial funds were diverted” from the corporate and its subsidiaries to her private account.
The company additionally knowledgeable the courtroom that she had acquired the citizenship of a tax haven in 2015 however didn’t disclose “the purpose (for acquiring the citizenship), her address and investments thereof” in Dominica. It mentioned she had obtained the citizenship of the Caribbean nation after the Unitech group got here below the scanner of investigative companies.
“It is highlighted here that most of the economic offenders who had fled India or want to flee, obtain the citizenship of countries such as Dominica, Antigua, Albania, etc.,” the ED mentioned in its reply searching for dismissal of Preeti Chandra’s plea whereby she has challenged a lookout round in opposition to her.
The ED mentioned she “might engage in dissipation of the properties stashed abroad which are generated out of proceeds of crime”.
ET has seen a duplicate of ED’s reply.
The company mentioned thus far it had connected belongings price Rs 350 crore the place the position of Preeti Chandra had additionally allegedly surfaced.
The ED claimed that she was a director at Prakausli Investment (India) Pvt Ltd and Harsil Projects Ltd, each promoters of Unitech firms.
The reply reads “during 2007-08 to 2011-12, proceeds of crime to the tune of Rs 310 crore was generated by diverting homebuyers’ funds by
. These were further transferred to Carnoustie Management India Pvt Ltd. During 2010-11 and 2011-12, out of the said Rs 310 crore, Carnoustie Management India extended Rs 107 crores to Prakausli Investment (India) as an advance for purchase of two farmhouses which were owned by Prakausli’s subsidiaries namely Girnar Asthetics Exports Pvt Ltd and Colossal Properties Ltd. During this period Preeti Chandra was the director of Prakausli Investment”.
The company added: “Neither the farmhouse was given to M/s Carnoustie Management India Pvt Ltd nor advance was returned to them. The investigation regarding tracing out of proceeds of crime of Rs 107 crore is underway wherein Preeti Chandra would be required.”
She was examined by the ED on March 10 whereby she has claimed that she was not a director in any of the businesses of Unitech or its associated firms.
However, the ED has claimed that as per “intelligence input available” with it, she “is actively involved in management and dissipation of properties involved in money laundering, especially the ones stashed abroad”.
The company claims to have recorded the assertion of an in depth affiliate of Sanjay Chandra who was appointed as a director in considered one of his alleged benami entities, the Trikar group of firms registered in the Cayman Islands.
This affiliate, in accordance to the ED, has deposed that Preeti Chandra had a jewelry and style retail outlet in Dubai by the title of “Preeti Chandra Jewels and Fashion” which was opened in 2017-18. The affiliate additionally allegedly mentioned that Sanjay Chandra had mentioned with him about “transferring funds from the jewellery company to anywhere in the world” together with Sanjay Chandra’s “overseas companies”.
ET was the primary to report that Preeti Chandra was stopped from boarding a flight at Delhi’s Indira Gandhi International Airport on March 10 based mostly on a lookout round issued in opposition to her on the behest of the probe companies. On the identical day, she was summoned by the ED to “forthwith tender a statement” in the money-laundering probe involving Unitech promoters. She was questioned for a number of hours that day.
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