National

Money Laundering Probe: ED Raids Premises Linked to Lalu Yadav’s Associate Amit Katyal

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.

 

Nunnem Gangte

Recent Posts

Punjab & Haryana HC Notice To Jindal Law School Over AI-Generated Exam Claims

The Punjab and Haryana High Court on Tuesday has issued a notice to Jindal Global…

2 hours ago

ED Files Money Laundering Complaint Against Charanjit Singh Bajaj, 4 Others

The ED on Tuesday has filed a Prosecution Complaint before the Special Court in Mohali…

3 hours ago

Pune Porsche Case: SC Rejects Anticipatory Bail To Father Of Minor Driver’s Friend

The Supreme Court on Tuesday denied bail to Arunkumar Devnath Singh, whose son is a…

4 hours ago

SC Dumps Plea Against Quashing LOC For Sushant Singh Rajput’s Ex-House Help

The Supreme Court on Tuesday dismissed the Centre's appeal against a Bombay High Court order…

4 hours ago

Rape Case: SC Issues Notice On Ex-Army Officer’s Plea For Quashing Charge sheet

The Supreme Court on Tuesday has agreed to review a plea from retired Army Captain…

5 hours ago

Chhattisgarh NAN Scam: FIR Against 2 Retired IAS Officers, Former AG

The Chhattisgarh Anti-Corruption Bureau on Tuesday has registered a case against 2 retired IAS officers…

5 hours ago