Preeti Chandra, the wife of jailed Unitech promoter Sanjay Chandra, was arrested in an alleged money laundering case by the Enforcement Directorate on Monday. Sanjay Chandra's father Ramesh Chandra has also been arrested in the case, as per reports.
The Enforcement Directorate has earlier filed a criminal case against the Unitech Groups and its promoters under the Prevention of Money Laundering Act. Its owners Sanjay Chandra and Ajay Chandra allegedly diverted over two thousand crore rupees to Cyprus and Cayman Islands, as per the agency.
The ED had said, "Total proceeds of crime, in this case, is ₹ 5,063.05 crores as determined till now." The agency had conducted raids at 35 locations in Mumbai and the National Capital Region which belong to Unitech Group and other parties. The firms such as Trikar Group, Carnoustie Group, and Shivalik Group were probed by the agency. The sibling duo, Sanjay Chandra and Ajay Chandra are already accused of defrauding Canara Bank of ₹ 198 crores.
Canara Bank had filed a complaint with the ED in which they alleged that Unitech had defaulted on multiple payments. The Chandra brothers were earlier in Delhi's Tihar jail. They were shifted to Mumbai's Arthur Road and Taloja jail two months ago. It was after the Enforcement Directorate reportedly found a "secret underground office" in the Green Park area of South Delhi. The agency alleged that the brothers were using it for their operations while on parole or bail.
This week brought the release of 'Pandora Papers', a set of confidential files revealing secret financial affairs of the super-rich. The first list of the document named Biocon founder Kiran Mazumdar Shaw, Sachin Tendulkar, Nirav Modi among many others. As per reports, over 300 people were named in the Pandora Papers.
The International Consortium of Investigative Journalists ( ICIJ) behind the big reveal includes Indian Express, The Guardian, BBC among 150 media outlets.
Suggested Reading:
Kiran Mazumdar Shaw Among Others Named In Pandora Papers' First List
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