Ibournshorne limited - Latest News Update, Information, Photos & Videos on Ibournshorne limited at Lokmat Times

New Delhi, July 30 The Enforcement Directorate (ED) has attached a hotel named Bed and Breakfast valued at Rs 58.61 crore in London owned by Ibournshorne Limited, an associate company of Carnoustie Group in a money laundering case involving Unitech Group.An ED official here said that the agency has attached the hotel in London under sections of the Prevention of Money Laundering Act (PMLA).The ED had registered a case of money laundering on the basis of various FIRs filed by homebuyers against Unitech Group and its promoters before the Delhi Police.The financial probe agency official said that money laundering probe has revealed that tainted funds to the tune of Rs 325 crore belonging to homebuyers were diverted to Carnoustie Group."Out of this, Rs 41.3 crore were diverted to the UK after substantial layering through Carnoustie Group, India and through Indesign Enterprises Pvt. Ltd., Cyprus," he said."These funds were used for purchasing the shares of Ibounshorne Limited, UK in the name of Carnoustie Management India Pvt Limited, an entity belonging to Carnoustie Group," he said.The official said that earlier ED had conducted searches on 38 locations in NCR and Mumbai on the premises of Shivalik Group, Trikar Group, Unitech Group and Carnoustie Group. After analysis of the seized records followed by the disclosures of various persons, the above diversion and laundering of POC has been unearthed."Total Proceeds of Crime in the case has been arrived at Rs 5,063.05 crore as determined till now," he said, adding that the agency had earlier attached immovable properties to the tune of Rs 537 crore belonging to Trikar Group, Carnoustie Group and Shivalik Group."With the Rs 58.61 Crore attachment, the total attachment in this case reached to Rs 595.61 crore," he added.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Ram Navami 2024

Dubai Rains

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Ibournshorne LimitedFOLLOW

Ibournshorne limited, Latest News

International :ED attaches London hotel in Unitech Group money laundering case

New Delhi, July 30 The Enforcement Directorate (ED) has attached a hotel named Bed and Breakfast valued at ... ...