Unitech diverted funds worth Rs 2345 cr to tax havens claimed the Enforcement Directorate while seeking custodial interrogation of Unitech founder Ramesh Chandra and his daughter-in-law Preeti Chandra, who were arrested on Monday.
Addressing a local court in the capital the ED stated that their probe found that investor funds were diverted by Unitech to the Cayman Islands, Cyprus, Isle of Man, Mauritius, Jersey, Singapore, the UK, the US the UAE. ET reports that the agency in it's submissions to court stated that the Unitech's Chandra family had invested the diverted funds in equity of various shell/benami companies.
The court sent Ramesh Chandra to ED's custody till October 8 and Preeti Chandra till October 9.