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ED Arrests Vatika CMD Anil Bhalla, Promoter Gautam Bhalla in ₹260 Crore Plot Case
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CNBC TV18•30-09-2026, 15:28
ED Arrests Vatika CMD Anil Bhalla, Promoter Gautam Bhalla in ₹260 Crore Plot Case
- •The Enforcement Directorate (ED) arrested Anil Bhalla, CMD of Vatika Limited, and promoter Gautam Bhalla in a money laundering case.
- •The case involves alleged fraudulent inducement and non-delivery of residential plots, stemming from multiple FIRs by the Delhi Police's Economic Offences Wing.
- •Seven purchaser entities paid approximately ₹260 crore between 2010 and 2012 for residential plots in Vatika India Next projects, many of which were not delivered, relocated, or cancelled.
- •Only one plot out of 1.10 lakh square yards, valued at about ₹90 crore, was delivered after 14 years, with substantial portions worth ₹140.73 crore remaining undelivered.
- •Anil Bhalla and Gautam Bhalla allegedly supervised key decisions and managed group operations; earlier searches led to freezing of assets including jewellery worth ₹13.7 crore and bank accounts worth ₹3.04 crore.
Key Questions Answered
The Enforcement Directorate arrested Anil Bhalla and Gautam Bhalla in a money laundering case involving alleged fraudulent inducement, cheating, forgery, and non-delivery of residential plots in Gurugram projects.
The case involves the Vatika India Next and Vatika India Next-2 projects in Gurugram, where purchaser entities paid around ₹260 crore upfront between 2010 and 2012, with proceeds of crime estimated at around ₹154.36 crore.
The arrests were made by the ED's Gurugram Zonal Office on September 28 under Section 19 of the Prevention of Money Laundering Act, 2002, after which the accused were remanded to ED custody until October 3.
