Noida, The Enforcement Directorate has written to the Noida Authority and sought details of land allotments and pending dues, among others, related to real estate developer ATS Group.
According to an official letter, the details have been sought as part of the Enforcement Directorate's investigation under the provision of the Prevention of Money Laundering Act (PMLA), 2002.
ED's Lucknow zonal office has sought details of 63 companies linked to the developer, some of whose projects are under insolvency proceedings.
“This Directorate is investigating under PMLA, 2002 in the matter of ATS Group. In this regard, you are required to submit details of land allotment to any company of the group, either as bidder or partly as consortium Of,” the letter said.
It further sought "details of payments (dues) made by the group companies and delays thereto, if any, and details of discrepancies, if any, found in the execution of works in violation of the terms of allotment".
ED has also asked the Noida authority to provide details of the FIR lodged (if any).
"Whether the allotment of the companies has been cancelled. If any, provide details. Provide details of any other punitive action taken against the allotted companies or the consortium," the letter said.
According to the letter, the Noida Authority, a statutory body under the Uttar Pradesh government, has been asked to submit the details by June 28.
Notably, the Noida Authority had last week issued a notice to the ATS Group and sought its action plan within a week on how it would clear its dues.
According to officials, ATS group companies owed more than Rs 3,400 crore, including interest and penalty, to the local authority as of May 31 this year.
According to an official letter, the details have been sought as part of the Enforcement Directorate's investigation under the provision of the Prevention of Money Laundering Act (PMLA), 2002.
ED's Lucknow zonal office has sought details of 63 companies linked to the developer, some of whose projects are under insolvency proceedings.
“This Directorate is investigating under PMLA, 2002 in the matter of ATS Group. In this regard, you are required to submit details of land allotment to any company of the group, either as bidder or partly as consortium Of,” the letter said.
It further sought "details of payments (dues) made by the group companies and delays thereto, if any, and details of discrepancies, if any, found in the execution of works in violation of the terms of allotment".
ED has also asked the Noida authority to provide details of the FIR lodged (if any).
"Whether the allotment of the companies has been cancelled. If any, provide details. Provide details of any other punitive action taken against the allotted companies or the consortium," the letter said.
According to the letter, the Noida Authority, a statutory body under the Uttar Pradesh government, has been asked to submit the details by June 28.
Notably, the Noida Authority had last week issued a notice to the ATS Group and sought its action plan within a week on how it would clear its dues.
According to officials, ATS group companies owed more than Rs 3,400 crore, including interest and penalty, to the local authority as of May 31 this year.
