Enforcement Directorate (ED) has taken major action on real estate company Unitech. The ED has taken this step after delaying a residential project and filing several cases by the Delhi Police's Criminal Economic Branch on the company's directors. The ED has attached 48.56 acres of Unitech company. The value of this land has been estimated at around Rs 152.48 crore.
The Unitech company is alleged to have been operating as a proxy company for Crown Infra Projects Private Limited, Kore Communication India Private Limited, and Joshu Gurgaon SEZ Private Limited. The ED said that these three companies are part of the TRAI core group, in which the Unitech Group's Chandra family has benami investment.