The Enforcement Directorate has arrested two Vatika Group promoters in a major money laundering case. Officers took Chairman Anil Bhalla and promoter Gautam Bhalla into custody on September 28. Consequently, a special PMLA court in Gurugram sent both executives to ED custody until October 3.
ED details Vatika Group promoters arrested in money laundering probe
The investigation stems from an Economic Offences Wing FIR filed by Delhi Police. Specifically, authorities alleged fraudulent inducement and non-delivery of residential plots in Gurugram.
Furthermore, ED officials confirmed that both promoters jointly executed key financial decisions. Anil Bhalla supervised major business transactions directly. Meanwhile, Gautam Bhalla managed operations and controlled several land-owning entities.
| Transaction Details | Key Information |
| Accused Persons | Anil Bhalla & Gautam Bhalla |
| Company Involved | Vatika Limited / Vatika Group |
| Total Upfront Payment | Rs 260 Crore (2010–2012) |
| Primary Projects | Vatika India Next & Vatika India Next-2 |
| Undelivered Asset Value | Approx. Rs 140.73 Crore |
Undelivered plots lead to legal action
Between 2010 and 2012, seven buyer entities paid Rs 260 crore upfront to Vatika Limited. The funds covered residential plots in Vatika India Next and Vatika India Next-2 projects.
However, the firm revised project layouts after executing agreements in 2014 and 2015. Additionally, the developers renumbered plots and sold the land to different buyers.
Consequently, homebuyers in Vatika India Next-2 received zero plots after 14 years. Therefore, undelivered properties worth Rs 140.73 crore triggered the current enforcement action.
