Unitech promoter Sanjay Chandra’s wife furnishes bank a/c details to Enforcement Directorate

Preeti Chandra, the wife of embattled Unitech promoter Sanjay Chandra, has furnished details of her bank accounts, company and assets she has allegedly links within Dubai to the Enforcement Directorate (ED).

Probing a money laundering case allegedly involving Sanjay Chandra, the federal agency had sought details of Preeti Chandra’s bank accounts, a company in Dubai. As demanded by the agency, Preeti Chandra has also furnished details of the bank accounts operated in the name of her children.

Also, the agency had sought details of the residences Chandra had stayed in during her visit(s) to Dubai and UK in the past few years. The same has been shared by Chandra last week, said the people quoted above.

In a related development, the foreign citizenship acquired by a close family member of Sanjay Chandra is also under the scanner of the investigative agencies. As per available information the foreign country, whose citizenship was acquired recently, does not have an extradition treaty with India.

The Enforcement Directorate (ED) is probing allegations of money laundering and fund siphoning by the promoters of the real estate developer. As reported by ET on March 13, the federal agency has zeroed in on a company and assets allegedly linked to Preeti Chandra.

Preeti Chandra was stopped from boarding a flight at Delhi’s Indira Gandhi International Airport on March 10, on the basis of a lookout circular issued against her at the behest of probe agencies.

On the same day, she was summoned by the ED to “forthwith tender a statement” in the money-laundering probe involving Unitech promoters. She was questioned for several hours on March 10.

Following this, she was asked to furnish details of a company and bank accounts in her name in Dubai. She is said to be a minority partner in the company. The money allegedly received by the Dubai company and its source are being examined by the agency.

Last month, the ED had carried out searches at nearly 20 locations in Delhi and Mumbai in connection with the Unitech case. The searches also covered the Shivalik group in Mumbai, Maharashtra.