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

New Delhi [India], July 30 The Enforcement Directorate has provisionally attached London-based "Bed and Breakfast" hotel owned by Ibournshorne Ltd, a UK-based associate company of Carnoustie Group, in a money laundering case against Unitech Group against which the agency has initiated a money-laundering investigation on the basis of various FIRs filed by homebuyers and its promoters before Delhi Police.The hotel presently has a value of approximately Rs 58.61 crore, said the Enforcement Directorate whose money-laundering investigation against Unitech Group has revealed that tainted funds to the tune of Rs 325 crore belonging to homebuyers were diverted to Carnoustie Group."Out of the total funds, Rs 41.3 crore were diverted to the UK after substantial layering through Carnoustie Group, India and through Indesign Enterprises Pvt Ltd, Cyprus," said the Enforcement Directorate, adding "these funds were used for purchasing the shares of Ibounshorne Ltd, the UK in the name of Carnoustie Management India Pvt Ltd, an entity belonging to Carnoustie Group.Earlier, the Enforcement Directorate had conducted searches on 38 locations in the National Capital Region and Mumbai on the premises of Shivalik Group, Trikar Group, Unitech Group and Carnoustie Group."After analysis of seized records followed by the disclosures of various persons, the above diversion and laundering of Proceed of Crime (POC) has been unearthed," said the agency. "Total POC in the case has arrived at Rs 5,063.05 crore as determined till now."The Enforcement Directorate had earlier attached immovable properties to the tune of Rs 537 crore belonging to Trikar Group, Carnoustie Group and Shivalik Group.With this attachment, the total attachment, in this case, reached Rs 5,95.61 crore.( With inputs from ANI )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

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Ibournshorne LtdFOLLOW

Ibournshorne ltd, Latest News

National :Money laundering case against Unitech Group: ED attaches UK-based hotel valued Rs 58.61 cr

New Delhi [India], July 30 The Enforcement Directorate has provisionally attached London-based "Bed and Breakfast" hotel owned by ... ...