ED Attaches Rs 108-Crore Plot in Vatika Case, Taking Provisional Total to Rs 176 Crore

Overview

• The Gurugram ED office provisionally attached a 1.35-acre commercial plot valued at about Rs 108 crore under the PMLA.
• With this action, provisional attachments in the case total roughly Rs 176 crore, after earlier assets of Rs 68.59 crore were confirmed by the Adjudicating Authority.
• The money-laundering probe stems from 2021 EOW Delhi FIRs under IPC 120B and 420 naming Vatika Limited and promoters Anil Bhalla and Gautam Bhalla.
• Investigators say 659 investors put about Rs 248 crore into four Vatika projects that remain incomplete or deferred with no conveyance deeds executed.
• The ED has filed a prosecution complaint before the Special PMLA Court in Gurugram on May 21, and it continues to examine alleged assured-return promises and regulatory lapses.