The Enforcement Directorate (ED) today attached at least 40 per cent shares of the Hotel Project within the Commercial Centre in Uttar Pradesh's Noida.
The assets attached by ED belonged to the 1,40,000 sq. ft. Floor Space Index (FSI) hotel project of Garden's Galleria.
"ED has provisionally attached 40% share of the Hotel Project (1,40,000 Sq. Ft. FSI Space) within the Commercial Centre, 'Garden's Galleria', Noida . The attached asset was owned by Unitech M/s Ranchero Services Limited, Cyprus, and the value of the attached asset is Rs 65.32 Crore," the ED said in a tweet.
More details are awaited.
Earlier, on November 24, the ED had said it had provisionally attached various immovable properties in the form of 41.63 hectares of land in the name of Shinecity firm companies. The agency said the quantum of total attachment so far in the case is about Rs 49 crore.
The value of the 41.63-hectare land stands at Rs 31.24 crore. One residential plot in the name of Amitabh Kumar Srivastava in Lucknow, with a value of Rs 23.70 lakh, has also been attached provisionally.
These group companies are Shinecity Infraprojects, Shinecity Proxima Developers, Shinecity Shapers, Shinecity Construction in Sultanpur, Jhansi, Pratapgarh, Pindra (Varanasi), Bara (Allahabad) and Bakshi Ka Talaab (Lucknow), with their land measuring 41.63 hectares in total.
Investigation under the Prevention of Money Laundering Act (PMLA) was initiated on the basis of various FIRs and complaints, said the statement from the agency, adding that it was registered by UP Police against Shine City Infra Project, Rashid Naseem, Asif Naeem, Amitabh Kumar Srivastava and others, for cheating the public at large by luring them to invest in various lucrative schemes floated by the company and defrauding them of their invested amount.
The quantum of proceeds of crime at this stage of investigation is about Rs 80.78 crore.
ED also said that it had already attached various immovable properties in the name of Shinecity Group companies at Lucknow and Varanasi. The agency said further investigation is in progress.
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