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Unitech Founder Used "Secret Underground Office": Probe Agency

Top cloister said it is not audition the Chandras at present and would aboriginal apprehend delving agency's submission.

Making a amazing adumbration in the Supreme Court, the Enforcement Directorate on Thursday said it has unearthed a "secret underground office" which was actuality operated by bygone Unitech architect Ramesh Chandra and visited by his sons Sanjay Chandra and Ajay Chandra back on acquittal or bail.

Enforcement Directorate, which has been investigating money bed-making accuse adjoin the Chandras' and Unitech Ltd, said that both Sanjay and Ajay accept rendered the absolute administrative aegis aimless as they accept been advisedly communicating, instructing their officials, and administration of their backdrop from central the jail.

A bank of Justice D Y Chandrachud and M R Shah was told by Additional Solicitor General Madhavi Divan, actualization for the Enforcement Directorate, that Chandras' accept commissioned their admiral alfresco the bastille to acquaint their instructions to the alfresco world.

"During one of our chase and access operations, we accept unearthed a abstruse underground office, which is actuality acclimated by Ramesh Chandra and visited by his sons back they are out on acquittal or bail."

"We accept recovered hundreds of aboriginal auction accomplishments from that office, hundreds of agenda signatures, and several computers which accommodate acute abstracts with attention to their backdrop in India and abroad," Madhavi Divan told the bench.

She said the delving bureau has submitted two cachet letters in a closed awning to the cloister and accept provisionally absorbed Unitech Ltd backdrop account Rs 600 crore both in India and abroad.

Madhavi Divan acicular out that the bureau has begin a actual "intricate web of money trail" through carapace companies and the backdrop are actuality disposed of in real-time, which is creating problems in the probe.

"They (Chandras') have been operating from central the bastille premises. They accept rendered the absolute administrative aegis otiose. They are advisedly communicating and casual on instructions with the advice of bodies commissioned alfresco the bastille premises. Enforcement Directorate has begin that they accept alike accustomed to access a "dummy director" back he was actuality interrogated by the agency", Madhavi Divan said.

Senior apostle Vikas Singh, actualization for the Chandras, said that annihilation is done adjoin the bastille manual.

The top cloister said it is not audition the Chandras at present and would aboriginal apprehend the Enforcement Directorate's submission.

On June 4, the top cloister had accepted 15-day acting bond to Sanjay Chandra to appear the aftermost rites of his father-in-law afterwards which he had surrendered.

On August 14 aftermost year, the top cloister had absolved the bond appeal of Chandra, who was a ages beforehand accepted acting bond for 30 canicule on "humanitarian grounds" as both his parents had activated absolute for COVID-19 and asked him to abandonment aural three days.

The top court had additionally absolved the bond appliance of Chandra's brother Ajay Chandra, who is in bastille back August 2017.

Both Sanjay and Ajay are accused of allegedly siphoning home buyers'' money. The top cloister in its October 2017 adjustment had asked them to drop Rs 750 crore with the top cloister anthology by December 31, 2017.

The Chandras accept claimed that they complied with the court's altitude and they accept deposited an bulk in balance of Rs 750 crore and accordingly they are accepted accustomed bail.

The top cloister had acclaimed that back the October 2017 order, cogent contest accept taken abode and the top cloister had directed a argumentative analysis to be conducted by Grant Thornton.

It said that the cloister had beforehand directed the Centre to ensure that all aspects, which were adverted to in the argumentative report, should be advised by the competent agencies, including with attention to the aspect of money laundering.

The amount pertains to a bent case which started initially by one complaint lodged in 2015 and after abutting by 173 added home buyers of Unitech projects'' -- ''Wild Flower Country'' and ''Anthea Project'' -- anchored in Gurugram.

On January 20 aftermost year, in a acquittal to over 11,000 hassled home buyers of Unitech, the top cloister had accustomed the Centre to booty absolute administration ascendancy of the acreage close and accredit a new lath of appointee directors.

The top cloister had accustomed the name of retired Haryana core IAS administrator Yudvir Singh Malik as administrator and managing administrator (CMD) of the new lath and directed that the absolute lath of admiral of the aggregation would angle superseded.

In 2018, the top cloister had directed a argumentative analysis of Unitech Ltd and its sister apropos and subsidiaries by Samir Paranjpe, Partner, Argumentative and Investigation Services in Grant Thornton India.

The argumentative auditors had submitted their address which said that Unitech Ltd accustomed about Rs 14,270 crore from 29,800 home buyers from 2006-2014 and about Rs 1,805 crore from six banking institutions for the architecture of 74 projects. 

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