The Enforcement Directorate (ED) attached assets worth 2 thousand 348 crore rupees belonging to the WTC Faridabad Infrastructure Private Limited and other entities in connection with a massive real estate fraud. The agency, in a statement, said that these assets include land and unsold properties in Delhi-NCR, Gurugram, Faridabad, Noida, and Goa. It is alleged that Ashish Bhalla, the head of the group, duped over 12 thousand investors by promising assured returns on investments, but instead, he diverted and siphoned off funds, transferring some abroad to entities owned by his family members. Bhalla was arrested on the 6th of March after attempting to influence witnesses. The ED is continuing its investigation into the case.
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