The Enforcement Directorate has searched properties linked to former Haryana minister Gopal Kanda in an ongoing money-laundering investigation involving real estate company Vatika Limited. Searches were conducted at his residence, farmhouse and office in Gurgaon as investigators examined alleged fund movements involving entities linked to him. The wider probe concerns investments collected from hundreds of investors in four Vatika projects amid allegations over delayed possession and sale deeds. The investigation is ongoing, and allegations against the individuals and entities have not been established by a court.
ED Raids Gopal Kanda Properties in Vatika Money Laundering Case
The Enforcement Directorate (ED) has conducted searches at the Gurgaon residence, farmhouse and office of former Haryana minister Gopal Kanda in an alleged money laundering case linked to Vatika Limited.
Gurgaon, Sep 17 (PTI): The Enforcement Directorate (ED) on Thursday, September 17, 2026, searched the properties of former Haryana minister Gopal Kanda, officials here said.
Searches were conducted at Kanda’s residence, farmhouse and office in Gurgaon as part of an ongoing money laundering probe into alleged financial irregularities involving real estate company Vatika Limited.
ED officials said that the ED is investigating allegations that investors were lured to invest in commercial projects on the promise of timely possession, assured returns, lease rentals and execution of sale deeds.
The agency is investigating four Vatika projects in which an estimated Rs 248.46 crore was allegedly collected from 661 investors, and possession and the promised sale deeds were yet to be handed over.
Vatika Projects Under ED Investigation
The ED’s probe follows a string of cases against Vatika Limited and its promoters, with the agency investigating alleged cheating, fund diversion and suspected laundering.
In a previous probe, the ED had said that 659 investors had invested about Rs 248 crore in four projects, including Vatika Inxt City Centre and Vatika Mindscapes.
The projects identified by the agency are Vatika Inxt City Centre Towers D, E and F in Gurugram, Vatika Mindscapes Tower-C in Faridabad and Vatika Towers Tower-C in Gurugram.
Fourth was Vatika High Street, part of V’Lante in Gurugram, where projects were incomplete or deferred and conveyance deeds were not executed, the agency said.
The ED said its probe was initiated on the basis of multiple FIRs registered by the Economic Offence Wing in Delhi during 2021 against Vatika Limited, its promoters and others.
The agency had earlier claimed that the investors were lured with the promise of returns till the completion of the project and lease rentals thereafter, but later payments and delivery of the project became disputed.
Gopal Kanda Properties Searched Over Money Trail
Thursday's searches targeted the suspected movement of funds, including whether money from the real estate company was funnelled through entities linked to Kanda, they said.
Officials said that searches were conducted at his residential and business premises on suspicion that the funds allegedly siphoned off from Vatika Limited had been transferred to several companies linked to the former minister.
The searches are part of an ongoing probe under the Prevention of Money Laundering Act, and investigators are probing documents, financial transactions and possible links between the entities.
Earlier, the ED had taken action against properties linked to the Vatika case, including provisional attachment of a commercial plot of around 1.35 acres.
The agency valued the property at around Rs 108 crore in November 2025, with earlier attachments taking the total provisional attachment in the case to around Rs 176 crore.
The ED also said it has filed a prosecution complaint against Vatika Limited, its promoters Anil Bhalla and Gautam Bhalla, and other associated companies before the Special PMLA Court in Gurugram.
Also Read: NSE IPO Opens for Investors as Share Sale Targets ₹225.69 Billion
Investigation Continues Into Alleged Financial Transactions
On August 25, 2026, the ED carried out searches at seven residential and commercial premises of Vatika Limited and its promoter-directors in Delhi-NCR.
During those searches, the agency said it recovered documents and digital devices and seized or froze three luxury vehicles, jewellery, bank accounts and securities worth around Rs 33 crore.
The agency’s latest searches involving Gopal Kanda further intensify the agency’s scrutiny of the alleged financial trail linked to the Vatika projects and related entities.
The investigation is continuing, and the searches themselves are not a criminal liability. The further steps will be decided by the evidence collected by investigators and the proceedings that will take place before the relevant authorities and courts.
Sprouts News will continue to monitor developments, including any statements from Gopal Kanda, Vatika Limited, investigators or other parties connected to the case.
