Gurugram, August 27: The Enforcement Directorate (ED) has launched a significant operation against the real estate company Vatika Limited in the Delhi-NCR region. On August 25, 2026, the ED’s Gurugram zonal office conducted searches at seven residential and commercial locations linked to Vatika Limited and its promoter-directors under the Prevention of Money Laundering Act (PMLA), 2002.
The ED had registered an Enforcement Case Information Report (ECIR) against Vatika Limited, its promoters Anil Bhalla, Gautam Bhalla, Gaurav Bhalla, and others. This ECIR is based on multiple FIRs filed by the Delhi Police’s Economic Offences Wing (EOW) under various sections of the IPC, which include allegations of fraud, failure to deliver residential plots, and other related offenses.
Preliminary investigations have revealed a consistent pattern in transactions related to the Vatika India Next and Vatika India Next-2 projects. The company allegedly collected substantial amounts from complainants under the pretext of allotting and selling residential plots. However, despite several deadlines passing, a significant portion of the promised plots has not been delivered.
The investigation indicates that between 2010 and 2012, the victims paid approximately ₹260.30 crore, but only plots valued at around ₹120 crore were provided. Despite numerous attempts by the victims, the remaining plots have not been delivered even after 14 years. Additionally, the accused secretly sold 14 plots to third parties without the victim company’s approval.
The ED’s investigation has also uncovered the roles of various landowners associated with the Vatika Group and its key companies.
During the raids, several incriminating documents and digital devices were seized. These include property documents related to the promoters and directors of Vatika Limited, audited financial statements, Tally data, records of fund movements and diversions, and information regarding funds received from complainants.
The raids also resulted in the seizure of three luxury vehicles, jewelry, and bank accounts and securities, with a total estimated value of around ₹33 crore. These assets have been seized and frozen under the provisions of the PMLA, 2002. The ED has stated that further investigations are ongoing to uncover the layers of fund misuse.
–
Leave a Comment