ED Raids Ex-Haryana Minister Gopal Kanda in PMLA Case Linked to Real Estate 'Fraud'
The agency searched three premises as part of a Rs 248.46 crore probe into alleged diversion of home buyers’ funds.
- On Thursday, the Enforcement Directorate searched three premises in Gurugram linked to former Haryana Minister Gopal Kanda in connection with an alleged Rs 248.46 crore money laundering probe.
- The agency is investigating Vatika Limited, which allegedly induced 661 investors in four commercial projects on assurances of timely possession and sale deeds, but failed to deliver either.
- Officials suspect diverted funds from the real estate company were transferred to various firms linked to Kanda, prompting the ED to track the "financial trail and suspected diversion of home buyers funds."
- Authorities initiated the searches under Section 17 of the Prevention of Money Laundering Act, which grants the agency extensive search and seizure powers to examine suspected offenses.
- The probe into the alleged real estate fraud continues in close coordination with security and state police forces as the ED's Gurugram unit examines financial records and seized evidence.
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LatestlyED raids 3 Gurugram premises of ex-Haryana Minister Gopal Kanda in Rs 248.46 crore alleged money laundering probe
The Enforcement Directorate (ED) on Thursday carried out searches at three premises linked to businessman and former Minister of State for Haryana Gopal Goyal Kanda in connection with a Rs 248.46 crore alleged money laundering probe.
ED raids ex-Haryana minister Gopal Kanda in PMLA case linked to real estate fraud - The Tribune
The Enforcement Directorate (ED) on Thursday raided three premises in Gurugram linked to former Haryana minister Gopal Kanda, including his residence, farmhouse and office, in connection with an alleged homebuyers’ funds fraud case.
ED raids ex-Haryana minister Gopal Kanda’s Gurgaon home, farmhouse in Vatika money laundering case
The Enforcement Directorate conducted raids on former Haryana minister Gopal Kanda's properties. These searches are part of a money laundering investigation linked to alleged real estate fraud. The probe involves a realty company that allegedly defrauded investors of significant funds. Officials suspect diverted company funds were transferred to entities linked with Kanda. The investigation aims to track the money trail in this complex case.
ED raids ex-Haryana Minister Gopal Kanda in PMLA case linked to real estate 'fraud'
The four projects under investigation involved the collection of ₹248.46 crore from 661 investors, without handing over possession or executing the promised sale deeds till date, an ED official said.
ED Raid on Gopal Kanda Premises: The money laundering investigation into the Vatika Limited fraud case in Gurugram has intensified. The ED has raided several locations of former Haryana minister Gopal Kanda under the PMLA. The case is investigating allegations involving investments totaling approximately ₹248 crore.
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