ED Arrests Vatika Limited CMD and Promoter in Residential Plot Fraud Case
Gurugram, September 29, 2026: The Enforcement Directorate (ED), Gurugram, has arrested Anil Bhalla, Chairman and Managing Director (CMD) of M/s Vatika Limited, and Gautam Bhalla, a promoter of the company, in connection with a case involving alleged fraudulent inducement, non-delivery of residential plots and other related offences.
The arrests were made under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002, as part of the agency’s ongoing investigation into the matter. The case relates to allegations that individuals were induced to invest or make payments for residential plots, which were allegedly not delivered as promised.
According to the Enforcement Directorate, the investigation is examining the circumstances surrounding the alleged transactions and the role of the accused in the matter. The agency is also looking into the financial aspects of the case and related activities connected with the alleged offences.
Following their arrest, Anil Bhalla and Gautam Bhalla were produced before the Special Court (PMLA), Gurugram. After considering the matter, the court remanded both accused to ED custody until October 3, 2026.
The development marks a significant step in the agency’s investigation, as the ED continues to examine the financial trail and gather evidence related to the alleged fraud. The investigation may also look into the involvement of other individuals or entities, depending on the evidence that emerges during the probe.
The ED’s action comes amid its wider efforts to investigate suspected financial irregularities and alleged money laundering activities under the provisions of the PMLA. Further details about the transactions, the alleged victims and the financial trail are expected to emerge as the investigation progresses.
The allegations against the accused are subject to judicial proceedings, and the case remains under investigation.
News source: Information for this article was gathered from a variety of reliable news outlets.
