On Tuesday, the Enforcement Directorate (ED) conducted raids at multiple premises in Delhi-NCR as part of a money laundering investigation against a realty and liquor group promoted by Amit Katyal, an alleged “close associate” of RJD chief Lalu Prasad’s family, according to official sources.
Katyal was apprehended by the central agency last year in connection with the alleged railways land-for-jobs scam involving Prasad, his wife Rabri Devi, son and former deputy CM Tejashwi Yadav, MP daughter Misa Bharti, and some other children.
A total of 27 premises of Haryana-based Krishn Buildtech Pvt Ltd in Delhi, Gurugram, and Sonipat are under scrutiny under the provisions of the Prevention of Money Laundering Act (PMLA), the sources revealed.
The company is promoted by Amit Katyal and Rajesh Katyal. The investigation concerns the alleged siphoning of homebuyer’s funds worth Rs 400 crore by the company’s promoters and their transfer abroad. The ED alleged that Amit Katyal sent over Rs 200 crore of homebuyer’s funds to Sri Lanka. His son Krishan Katyal has surrendered his Indian passport and obtained one from Saint Kitts and Nevis, as per sources.
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