New Delhi: Enforcement Directorate, which conducted searches last Thursday at the premises of WTC Group and Bhutani Group, has seized various incriminating documents, digital devices, jewelry, and bullions worth a whopping ₹1.5 crore.
Besides, fixed deposits in the name of WTC Group of companies has also been frozen.
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@dir_ed has conducted search operations on Thursday at 12 locations in Delhi, Faridabad, NCR region against WTC Group and Promoter Ashish Bhalla and Bhutani Group and its Promoter Ashish Bhutani under the provisions of PMLA, 2002.
— Dynamite News (@DynamiteNews_) March 3, 2025
During the search operations, various… pic.twitter.com/Mz07RvfTY0
In a major crackdown, ED launched a massive search operation, targeting 12 locations across Delhi, Faridabad, and the National Capital Region (NCR).
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The raids were conducted against the WTC Group and its promoter, Ashish Bhalla, as well as the Bhutani Group and its promoter, Ashish Bhutani.
The ED's search operation was carried out under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
