Mr Bhatt, whom the BJP has fielded from Jamalpur-Khadia seat this time too, was caught up in the controversy after a video, purportedly showing him making the statement, went viral yesterday, a day after Prime Minister Narendra Modi addressed a rally at the Sabarmati Riverfront.
Jamalpur-Khadia is among the 93 seats where the second phase of polling for Gujarat Assembly elections will be held tomorrow.
"We came across that video yesterday and ordered an inquiry. The Ahmedabad district election authorities have also served him a show-cause notice," said the state's Chief Electoral Officer BB Swain.
Asad Khan, a city-based lawyer, lodged a complaint with the Gujarat CEO against Mr Bhatt for "bribing voters and supporters as well as insulting the EC and its poll code" yesterday.
"Our PM's rally is at Sabarmati Riverfront. Before that, arrange a rally of 4,000 to 5,000 two-wheelers here (Khadia) and then come to that venue. I am telling you again, just don't worry about the EC. I don't care about the EC. Let them do whatever they want to," Mr Bhushan is purportedly heard telling his supporters in the video.
"Don't be under the impression that people will get just Rs 200. I know that people of this area are not rich. Just ensure a large crowd," Mr Bhatt purportedly said.
In his complaint, Mr Khan requested the Election Commission and the Gujarat CEO to lodge an FIR against Mr Bhatt, and defer the election in Jamalpur-Khadia constituency.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)