ED raids Lalu Yadav’s associate in homebuyer’s funds scam
THE JHARKHAND STORY DESK New Delhi, March 12: As part of a money laundering probe against a real estate and liquor…
THE JHARKHAND STORY DESK
New Delhi, March 12: As part of a money laundering probe against a real estate and liquor firm promoted by Amit Katyal, an alleged close associate of RJD chief Lalu Prasad’s family, the Enforcement Directorate raided numerous locations in Delhi-NCR on Tuesday, according to official sources.
The sources stated that searches are being conducted at 27 locations in Delhi, Gurugram and Sonipat of Krishn Buildtech Pvt Ltd, a Haryana-based company in accordance with the PMLA’s provisions.
Amit Katyal and Rajesh Katyal are the company’s promoters.
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According to them, the investigation concerns allegations that the company’s promoters embezzled funds worth Rs 400 crore from homebuyers and parked them overseas.
The agency asserted that Amit Katyal had transferred over Rs 200 crore in homebuyer funds to Sri Lanka.
They stated that his son Krishan Katyal gave up his Indian passport and obtained a Saint Kitts and Nevis passport.
The central agency arrested Katyal last year in connection with the alleged railway land-for-jobs fraud involving Lalu Yadav, his wife Rabri Devi, son Tejashwi Yadav, who was previously the deputy chief minister, daughter Misa Bharti, and a few other children.
