ED arrests Vatika Group CMD, promoter in PMLA case
AI Summary
India's Enforcement Directorate arrested Vatika Group's chairman and managing director and a promoter in a money-laundering case. The case concerns ₹260 crore paid by seven purchaser entities for residential plots in the group's Gurugram projects between 2010 and 2012.
Between 2010 and 2012, seven purchaser entities paid ₹260 crore upfront to Vatika Limited as the entire sale consideration for residential plots in its Vatika India Next projects in Sectors 84/85 and Vatika India Next-2 in Sector 88A, Gurugram
Politics Markets Deals Real Estate Vatika Group Enforcement Directorate money laundering Gurugram residential plots PMLA India