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SFIO Seeks SC Nod To File Report On Probe Into Affairs Of Unitech Ltd

Additional Solicitor Primary Madhavi Divan talked about, “The SFIO has prepared its report on its investigation into Unitech Ltd. They’ve found some properties of the group and wish some clarification. Quite a few the properties which they’ve found are overlapping with the properties found by the Enforcement Directorate (ED)”

The Serious Fraud Investigation Office (SFIO) on Wednesday suggested the Supreme Court docket docket that it has prepared a report on irregularities in Unitech Ltd and has found just a few of its properties.

The SFIO sought permission to file its report in a sealed cowl, saying they need to carry certain factors to the data of the courtroom.

A bench of justices DY Chandrachud, Vikram Nath and BV Nagarathna suggested Additional Solicitor Primary Madhavi Divan, displaying for the SFIO that though it was scheduled to sit down on Thursday nevertheless ensuing from some downside, the actual bench will sit on subsequent Wednesday.

“You’ll be capable to file your report in a sealed cowl nevertheless the matter may be taken up subsequent Wednesday,” the bench talked about.

On the outset, Divan, whereas mentioning the matter, talked about, “The SFIO has prepared its report on its investigation into Unitech Ltd. They’ve found some properties of the group and wish some clarification. Quite a few the properties which they’ve found are overlapping with the properties found by the Enforcement Directorate (ED)”.

Divan talked about, “We would like clarification whether or not or not the SFIO report must be filed in a sealed cowl or in a conventional course. We moreover should carry certain factors to the data of the courtroom”.

The bench, whereas giving its nod to file the report in a sealed cowl, listed the matter for extra listening to on October 6.

On August 26, the very best courtroom had directed that former Unitech promoters Sanjay Chandra and Ajay Chandra be shifted from Tihar Jail proper right here to Mumbai’s Arthur Freeway Jail and Taloja jail in Maharashtra after the ED had talked about that they’d been conducting enterprise from the premises in connivance with the employees.

The very best courtroom, which had perused two standing experiences of the ED, talked about Tihar Jail Superintendent and completely different employees are “fully shameless” for conniving with the Chandra brothers to flout the courtroom orders and undermine its jurisdiction. Pursuant to the trail of the very best courtroom, the Chandra brothers had been shifted to jails in Mumbai.

The two ED experiences have raised some “extreme and disturbing” factors for consideration and may be dealt with accordingly, the very best courtroom had talked about.

It had directed the Delhi Police Commissioner to personally preserve inquiry forthwith regarding the conduct of the Tihar Jail employees with regard to the Chandras and submit the report again to the courtroom inside 4 weeks.

The ED had made a startling revelation that it had unearthed a “secret underground office” proper right here which was being operated by erstwhile Unitech founder Ramesh Chandra and visited by his sons Sanjay and Ajay when on parole or bail.

The ED, which has been investigating money laundering costs in opposition to the Chandras and Unitech Ltd, talked about in its report that every Sanjay and Ajay have rendered your whole judicial custody meaningless as they’ve been freely talking, instructing their officers and disposing of properties from contained within the jail in connivance with the jail employees there.

Other than ED and SFIO, Monetary Offence Wing of Delhi Police may be conducting investigation into the affairs of the Unitech Group and enterprise transactions of erstwhile promoters of the true property agency.

Every Sanjay and Ajay who’re in jail since August 2017 are accused of allegedly siphoning home patrons’ money. The very best courtroom in its October 2017 order had requested them to deposit Rs 750 crore with the apex courtroom registry by December 31, 2017.

The Chandra brothers have claimed that they complied with the courtroom’s conditions and they also have deposited an amount in further of Rs 750 crore and, because of this truth, they’re granted bail.

The matter pertains to a felony case which started initially by one criticism lodged in 2015 and later joined by 173 completely different home patrons of Unitech initiatives’ — ‘Wild Flower Nation’ and ‘Anthea Mission’ — situated in Gurugram.

On January 20 remaining 12 months, in a respite to over 15,000 hassled home patrons of Unitech, the very best courtroom had allowed the Centre to take entire administration administration of the realty company and appoint a model new board of nominee directors.

Provide: PTI

(The story has been revealed from a wire feed with out modifications to the textual content material. Solely the heading has been modified)

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