ED Attaches Rs 2,348 Crore Assets in WTC Group Money Laundering Case

Dated on: Friday 9th May 2025

The Enforcement Directorate has attached assets worth Rs 2,348 crore linked to WTC Group firms and promoter Ashish Bhalla in a money laundering case. The attached properties include land and unsold real estate in Delhi-NCR and residential units in Goa. The case is based on multiple FIRs accusing Bhalla of cheating over 12,000 investors by promising assured returns and raising more than Rs 2,700 crore. Investigations revealed that a large portion of the funds was diverted, including transfers to overseas entities in Singapore connected to Bhalla’s family. He was arrested in March as part of the ongoing investigation.