London Hotel Seized In Money Laundering Probe Against Unitech Group

The hotel, named Bed and Breakfast, is owned by a company called Ibournshorne Limited, a UK-based associate firm of the Carnoustie group.

The Enforcement Directorate on Friday said it has attached a London hotel worth Rs 58.61 crore in connection with a money laundering probe against realty firm Unitech Group and its promoters Sanjay Chandra and Ajay Chandra. The hotel, named Bed and Breakfast, is owned by a company called Ibournshorne Limited, a UK-based associate firm of the Carnoustie group. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued by the ED to attach the property. The case is based on a number of Delhi Police economic offences wing (EOW) FIRs filed by homebuyers against the Unitech Group and its promoters. The agency claimed in a statement issued here that "tainted funds of Rs 325 crore belonging to homebuyers were diverted to Carnoustie group".