ED Searches Conducted at Premises of HLP Leader Gopal Kanda in Real Estate Fraud Probe
- Reports
- 4
- Developments
- 1
- Repetition
- 75%
New informationRepeats or wire copies
What happened
The Enforcement Directorate (ED) conducted searches at three premises in Gurugram on September 17, 2026, linked to Gopal Kanda, leader of the Haryana Lokhit Party (HLP). The searches relate to an alleged large-scale real estate fraud involving Vatika Limited. The investigation focuses on four projects where investors were induced to invest in commercial projects based on promises of timely possession, assured returns, lease rentals, and execution of sale deeds.
From hindustantimes.com, aninews.in
Why it matters
The allegations involve the collection of approximately ₹248.46 crore from 661 investors. Officials stated that the funds were collected without providing possession or executing the promised sale deeds to date. The ED is investigating based on the financial trail and suspected diversion of home buyers’ funds to companies linked with Kanda.
From hindustantimes.com, aninews.in
Who's involved
- Haryana Lokhit PartyHLP leader whose premises are being searched in connection with the fraud allegations.