ED issues summons to Unitech’s Sanjay Chandra’s wife Preeti
New Delhi: Central government agency ED has issued summons to realty player Unitech’s promoter Sanjay Chandra’s wife Preeti Chandra for investigation. The ED is probing various charges of money laundering by the promoters of the realty firm.
“The summon has been issued to Sanjay Chandra’s wife Preeti Chandra earlier this month. She was prevented from boarding a flight to Dubai at the IGI airport in Delhi as a look out notice was issued in her name,” a source in ED told RealtynInfra.com.
Sanjay Chandra has been arrested, along with his brother Ajay Chandra, by the Delhi Police in 2017. The company has left many of its projects incomplete in various parts of the country. The company is facing serious charges of money laundering and is being investigated by ED for alleged siphoning of large sums of money by the Chandras.
A forensic audit report on the affairs of the company has been submitted to the Supreme Court by Grant and Thornton. According to the report, a sum of Rs 14,270 crore was collected by the realty firm from 29,800 homebuyers. Another sum of Rs 1,805 crore was availed by the company from six financial institutions. But Rs 5,063 crore of home buyers money and Rs 763 crore received from financial institutions were not used by Unitech by the company. It is alleged that high-value investments were made in various overseas tax havens between 2007-2010.