Ashish Bhalla, the promoter of the WTC Group of Companies, was arrested by the Directorate of Enforcement (ED) on March 6, 2025, under the Prevention of Money Laundering Act (PMLA), 2002. His arrest is linked to a real estate fraud and cheating case involving more than Rs 3,000 crore. The ED's investigation highlights the scale of the alleged fraud, which has drawn significant attention due to the substantial monetary amounts involved. The case is part of a broader crackdown on financial irregularities in the real estate sector in India.