No land or funds were transferred to Bhutani Infra during its brief association with WTC, including any shares transfer in any land holding companies to Bhutani Infra or its directors. The company severed all ties with the WTC Group earlier in February after just six months of signing an MoU in July last year.
The company has emphasised that it has no financial or operational connections to WTC and that neither the company nor its directors received any land, funds, or shares in land-holding companies from WTC during the period. Any suggestion to the contrary is entirely false and misleading. Having completely withdrawn from any association with WTC in early February, Bhutani Infra remains unconnected to the ongoing controversy.
Despite having no obligations related to WTC, Bhutani Infra has been offering support and guidance to distressed customers while fully assisting the ED with the necessary information in its ongoing investigation and will continue to fully cooperate with them for any information as and when required.
