ED Raids Realty and Liquor Group in Money Laundering Probe Linked to Lalu Prasad’s Associate
In a significant move against money laundering, the Enforcement Directorate (ED) conducted raids on multiple premises across Delhi-NCR, targeting a realty and liquor group operated by Amit Katyal, a figure reportedly closely linked with the family of Rashtriya Janata Dal (RJD) chief Lalu Prasad. The searches were part of an ongoing investigation into a money laundering case involving the alleged siphoning of Rs 400 crore of homebuyers’ funds.
Amit Katyal, who was arrested last year for his alleged involvement in the railways land-for-jobs scam alongside Lalu Prasad, his wife Rabri Devi, their son and former Deputy Chief Minister Tejashwi Yadav, MP daughter Misa Bharti, and several other family members, is under scrutiny once more. This time, the focus is on Krishn Buildtech Pvt Ltd, a Haryana-based company with 27 premises in Delhi, Gurugram, and Sonipat, co-promoted by Amit and Rajesh Katyal.
According to official sources, the probe reveals that over Rs 200 crore of the misappropriated funds were transferred to Sri Lanka. Further investigations have unearthed that Amit Katyal’s son, Krishan Katyal, renounced his Indian citizenship, opting instead for a passport from Saint Kitts and Nevis, highlighting the international dimensions of the alleged financial misconduct.
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