New Delhi: In a significant crackdown on financial crimes, the Enforcement Directorate (ED) has attached assets worth Rs 2,348 crore in a high-profile real estate fraud involving WTC Faridabad Infrastructure Pvt. Ltd. and related entities. The seized assets include extensive land holdings and unsold real estate properties spread across Delhi-NCR, Gurugram, Faridabad, Noida, and Goa.
According to the ED, the group’s chief, Ashish Bhalla, is accused of defrauding over 12,000 investors by promising lucrative assured returns on their investments.
Instead, he allegedly diverted the funds for personal gain, including transferring large sums abroad to companies linked to his family. Bhalla was arrested on March 6 after he reportedly tried to tamper with witnesses. Investigations into the case remain ongoing.
In a separate case, the ED also attached assets valued at over Rs 296 crore in connection with a massive bank fraud involving Concast Steel and Power Ltd. and its Chairman and Managing Director, Sanjay Kumar Sureka. The attached properties are located in West Bengal, Odisha, and Jharkhand.
Sureka is accused of siphoning off approximately Rs 6,210 crore in bank loans through a web of shell companies. He has been arrested, and a prosecution complaint has been filed. The ED continues to probe the financial irregularities tied to the case.
These actions are part of the agency’s intensified efforts to clamp down on economic offenses and recover misappropriated public funds.
