ED raids premises of ex-Haryana minister in Vatika Limited probe

The Enforcement Directorate on Tuesday carried out coordinated searches at three premises connected to Gopal Kanda, the former Haryana minister, in connection with its ongoing investigation into Vatika Limited, sources said. The action represents an escalation in the agency's probe into the suspected illegal diversion of capital collected from investors in four commercial real-estate development projects undertaken by the company.

The investigation focuses on allegations that funds raised from investors were diverted from their intended use in the commercial property ventures, according to officials familiar with the matter. Vatika Limited, a prominent developer in the National Capital Region, has been under scrutiny for its handling of investor capital across multiple projects.

The ED's move follows preliminary findings that suggested potential financial irregularities in the management of investor funds. The agency has been examining financial transactions and fund flows related to the real-estate projects as part of its broader investigation into possible money laundering offences.

Gopal Kanda, who served as minister in the Haryana government, has faced multiple legal challenges in recent years. The searches mark the latest regulatory action against individuals associated with the Vatika Limited matter as authorities seek to uncover the full extent of the alleged fund diversions.