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The Enforcement Directorate has provisionally attached properties worthy astir ₹634.12 crore connected to the Noida-based Unitech Golf & Country Club (UGCC) task successful an alleged lawsuit of wealth laundering.
“The attached properties see leasehold rights implicit astir 347.83 acres of onshore and equity shareholdings held done consortium/Special Purpose Company (SPC) structures involving Sungrace Products (India) Pvt. Ltd. (Uflex Group) and CIG Infrastructure Pvt. Ltd. The contiguous just marketplace worth of the attachment made successful the UGCC task is ₹8,115 crore,” said the bureau connected Friday (May 29, 2026).
The ED probe is based connected 76 First Information Reports registered by the Delhi Police and the Central Bureau of Investigation (CBI) against Unitech Limited, its promoters/directors and others, alleging that they fraudulently diverted homebuyers’ funds.
According to the ED, its probe revealed that of the full ₹16,075.89 crore received by Unitech Limited from homebuyers, investors, and fiscal institutions, funds to the tune of ₹7,794.35 crore were diverted for non-mandated purposes.
“Investigation further revealed that Sungrace Products (India) Pvt. Ltd. and CIG Infrastructure Pvt. Ltd. person derived and proceed to clasp important economical involvement successful the UGCC task without corresponding fiscal publication towards acquisition oregon improvement of the project,” the bureau said.
The ED has truthful acold attached 1,296 movable and immovable assets worthy ₹2,281.07 crore successful the Unitech matter. It has besides filed 1 main and 2 supplementary prosecution complaints.
