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2 clusters · 6 sources · 6 days · First seen · Last updated

Gopal Kanda real estate fraud investigation

Overview

The Enforcement Directorate (ED) conducted searches at three premises in Gurugram linked to former Haryana Minister Gopal Kanda. The raids, carried out under the Prevention of Money Laundering Act (PMLA), targeted Kanda’s residence, office, and farmhouse.

The investigation concerns an alleged Rs 248.46 crore real estate fraud involving Vatika Limited. The agency alleges that approximately 661 investors were induced to invest in four commercial projects through promises of timely possession, assured returns, and lease rentals, but that possession and promised deeds were never executed.

Officials stated the searches followed a financial trail suggesting the diversion of homebuyers’ funds to companies linked to Kanda. This follows previous searches at Vatika premises in August, where assets valued at approximately Rs 33 crore were reportedly seized.

Entities

Enforcement Directorate · Vatika Limited · Gurugram · Gopal Kanda · Punjab

Timeline

  1. about 21 hours ago

    [CRIME] 2 sources
    Enforcement Directorate raids GMADA and IAS officer in money laundering probe

    The Enforcement Directorate raided the Greater Mohali Area Development Authority and the office of IAS officer Vikas Garg during a money laundering probe into alleged corruption and auction irregularities.

  2. 6 days ago

    [CRIME] 4 sources
    Gopal Kanda premises raided by ED in Rs 248 crore fraud probe

    The Enforcement Directorate raided three premises linked to former Haryana Minister Gopal Kanda in Gurugram regarding an alleged Rs 248.46 crore real estate fraud involving Vatika Limited.

Sources

desitalkchicago.com · kashmirlife.net · news18.com · socialnews.xyz · timesnownews.com · yespunjab.com