GURGAON: The Enforcement Directorate on Thursday conducted searches at the residence and farmhouse of former Haryana minister Gopal Kanda in Gurgaon as part of a money laundering investigation into alleged fraud involving real estate company Vatika Limited, officials said.The searches were linked to a case against Vatika Limited, which allegedly induced investors to put money into commercial projects by assuring them timely possession, assured returns, lease rentals and execution of sale deeds.The four projects under investigation involved the collection of Rs 248.46 crore from 661 investors. However, possession was not handed over and the promised sale deeds were not executed till date, an ED official said.The agency also raided Kanda’s office in Gurgaon as part of its investigation into the money trail in the case. Officials said diverted funds from the real estate company are suspected to have been transferred to various companies linked to the former minister.The searches at Kanda’s home, farmhouse and office were part of the agency’s efforts to trace the suspected movement of funds, they said.(With PTI inputs)
