India, Sept. 30 -- The Enforcement Directorate (ED) has arrested the promoter and the chairman of Gurugram-based realty firm Vatika Group in connection with a money laundering probe linked to alleged fraud with homebuyers, the agency said on Wednesday.

Anil Bhalla, chairman-cum-managing director, and Gautam Bhalla, promoter, were taken into custody under the prevention of money laundering act or PMLA, on Monday and were produced before a special court in the city.

ED said in a statement that its probe stems from a Delhi Police first information report (FIR) against the Vatika Group and the promoters, which alleged fraudulent inducement, non-delivery of residential plots and related offences.

Anil Bhalla personally supervised the key de...