Gurugram. The Enforcement Directorate (ED) on Thursday raided the Gurugram residence and farmhouse of former Haryana minister Gopal Kanda as part of its investigation into a money laundering case related to an alleged real estate fraud. ED officials gave this information. Officials said that this raid is related to the case registered against real estate company Vatika Limited.
ED said that the company is accused of attracting investors to invest in commercial projects by promising timely possession, assured profits, lease rent and sale deed. An ED official said Rs 248.46 crore was raised from 661 investors in the four projects under investigation but till now they have neither been given possession of the properties nor have the sale deeds been executed as promised.
Action on Kanda's house, farmhouse and office
Officials said Kanda's residence, farmhouse and office in Gurugram were raided to trace the money trail in the case. He said that it is suspected that the money received from the real estate company was allegedly transferred to the accounts of various companies linked to the former minister.
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