ED Searches Gopal Kanda's Gurugram Home and Farmhouse in Vatika Money Laundering Probe
The ED searched former Haryana minister Gopal Kanda's Gurugram home, farmhouse and office in a money laundering probe tied to an alleged real estate fraud.
The Enforcement Directorate on Thursday searched the Gurugram residence, farmhouse and office of former Haryana minister Gopal Kanda, as part of a money laundering investigation linked to an alleged real estate fraud.
According to officials, the searches are connected to a case involving the realty company Vatika Limited. The firm is accused of inducing investors in commercial projects by promising timely possession, assured returns, lease rentals and the execution of sale deeds.
Investigators said four projects are under scrutiny. Together they are said to have collected ₹248.46 crore from 661 investors, without possession being handed over or the promised sale deeds being executed so far.
The premises linked to Kanda were searched as part of efforts to trace the money trail. Officials suspect that funds diverted from the real estate company were routed to various companies associated with the former minister.
The case is being examined under the Prevention of Money Laundering Act.