ED arrests Vatika Group CMD, promoter in PMLA case
India's Enforcement Directorate has detained the chief managing director of Vatika Group and its promoter over alleged violations of the Prevention of Money Laundering Act. Investigators say that between 2010 and 2012, seven buyer entities paid a total of ₹260 crore upfront to Vatika Limited for residential plots in its Vatika India Next projects in Gurugram's sectors 84/85 and 88A.