New Delhi, May 11
The Enforcement Directorate (ED) provisionally attached immovable properties worth Rs 52.73 crore in Navi Mumbai in connection with the money laundering case registered against real estate group Monarch Universal Group.
The ED launched a probe into the money laundering of the real estate group on the basis of multiple FIRs registered by Maharashtra Police.
The Maharashtra Police had booked Monarch Universal Group, Gopal Amarlal Thakur, Hasmukh Amarlal Thakur and others for cheating and defrauding genuine flat buyers from whom they collected money in the name of selling flats but did not register the flats in their name.
The ED’s probe has revealed that builder Gopal Amarlal Thakur diverted and siphoned off huge amounts of money, collected from investors, to its various sister entities.
The Ed probe showed that the builder arked proceeds of crime with various builders in Navi Mumbai; Baba Homes Builders and Developers, Lakhani Builders Pvt. Ltd, and Monarch Solitaire LLP and others. The Monarch Group and its directors fraudulently sold the same flats to multiple buyers. They also took loans from non-banking financial companies (NBFC) by mortgaging the already sold flats without the knowledge of the customers.
Thakur was arrested by the agency in July 2021 and is still in judicial custody. The agency has also filed a prosecution complaint against him
