GURUGRAM, SEPT 30: The Enforcement Directorate has arrested Vatika Limited Chairman and Managing Director Anil Bhalla along with promoter Gautam Bhalla under the Prevention of Money Laundering Act (PMLA) in connection with an alleged residential plot fraud in Gurugram.
The central agency initiated its investigation based on multiple FIRs registered by the Economic Offences Wing of Delhi Police alleging criminal conspiracy, breach of trust, and cheating. Enforcement Directorate officials stated that seven buyer entities paid nearly ₹260 crore upfront between 2010 and 2012 for residential plots across the Vatika India Next projects in Sectors 84, 85, and 88A. The agency asserted that project layouts were subsequently altered without delivering plots valued at approximately ₹140.73 crore in Vatika India Next, while no plots were delivered under the Vatika India Next-2 project despite receiving ₹90 crore.
Enforcement Directorate investigators maintained that buyer funds were diverted to unrelated group entities and shell companies lacking active operations or staff. Officials affirmed that proceeds of crime in the case are currently quantified at ₹154.36 crore.
The Special Court (PMLA) in Gurugram remanded both corporate executives to Enforcement Directorate custody through October 3 as further financial tracing continues.
