Promoters of Unitech Group allegedly incorporated, controlled and managed more than 52 shell companies through their confidants including employees to launder money from the real estate developer, people privy to an Enforcement Directorate (ED) investigation into the matter told ET.Directors of the said shell companies have admitted to the agency that they were appointed as directors in lieu of pa...

The Delhi Prisons Department has suspended 28 jail officials after they were found to be complicit with Unitech's imprisoned ex-promoters Ajay Chandra and Sanjay Chandra, officials said on Thursday. According to a senior jail official, 28 officials of Tihar Jail number 7 have been suspended while the services of two contractual employees are being terminated. Two officials will be suspended by the...

The Enforcement Directorate has provisionally attached London-based "Bed and Breakfast" hotel owned by Ibournshorne Ltd, a UK-based associate company of Carnoustie Group, in a money laundering case against Unitech Group against which the agency has initiated a money-laundering investigation on the basis of various FIRs filed by homebuyers and its promoters before Delhi Police.The hotel presently h...

NEW DELHI: Here are top 10 stocks that may be in the news today.Adani Enterprises: Indian tycoon Gautam Adani is seeking a loan of about Rs7,500 crore ($1 billion) to refinance existing debt of Mumbai’s international airport, according to people familiar with the matter. Barclays Plc and JPMorgan Chase & Co. are among banks in discussions to provide the funds to Adani Airport Holdings Ltd, the p...