As part of its investigation, the ED has attached properties owned by WTC Faridabad Infrastructure Pvt Ltd and other entities of the WTC Group. The attached assets include 159 acres of land located in Delhi, Noida, Gurugram, and Faridabad, unsold flats, residential properties in Goa, and commercial complexes across the Delhi-NCR region.

According to the ED, the action is based on over 30 FIRs filed against WTC Group and its head Ashish Bhalla. These FIRs include allegations of cheating investors, criminal breach of trust, and criminal conspiracy. The agency claims that Bhalla and his companies collected over ₹2,700 crore from more than 12,000 investors but diverted a large portion of the funds away from real estate development.

The investigation has also revealed that a significant amount of money was transferred to companies based in Singapore, which are owned by Bhalla’s close relatives. The ED had arrested Ashish Bhalla in March, and further investigation in the case is ongoing.