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ED, Gurugram has conducted search operations on 27.01.2025 at 12 locations in Delhi, Faridabad, NCR region against WTC Group & Promoter Ashish Bhalla and Bhutani Group and its Promoter Ashish Bhutani under the provisions of PMLA, 2002

News Anti-Bribery & Corruption Sanctions & Fines
Date: 3rd Mar, 2025 Source: Enforcement Directorate (ED) Country: India Original Source

Brief

"On "03/03/2025", the "Enforcement Directorate (ED)" issued an update regarding "ED, Gurugram has conducted search operations on 27.01.2025 at 12 locations in Delhi, Faridabad, NCR region against WTC Group & Promoter Ashish Bhalla and Bhutani Group and its Promoter Ashish Bhutani under the provisions of PMLA, 2002". Search operations revealed documents related to funds collection of over Rs. 3500 Crore from various investors across 15 projects in Delhi/ NCR Region, indicating a well-orchestrated Ponzi scheme.

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Enforcement Directorate (ED)

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