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ED arrests Amit Katyal successful Gurgaon lodging ‘scam’
Earlier, successful Nov 2023 helium was arrested successful the railways jobs-for-land scam successful which Lalu, his wife, 3 daughters and lad and erstwhile Bihar lawman CM Tejashwi Yadav are accused, facing bribery and wealth laundering charges.
A 3rd existent property project, Krishn Buildtech Pvt Ltd, successful which Katyal is accused of laundering much than Rs 400 crore of homebuyers' money, is pending framing of charges.
On Monday, Katyal was arrested successful alleged existent property fraud related to Angle Infrastructure Pvt Ltd of which helium is the promoter director. The ED's lawsuit is based connected FIRs registered by the Gurgaon and Delhi Police for alleged non-delivery of flats successful his Krrish Florence Estate task dispersed implicit 14 acres successful Sector 70 of Gurgaon."Investigation revealed that helium (Katyal) obtained licence from different developer successful a fraudulent mode and started collecting funds from prospective buyers overmuch earlier assistance of licence from DTCP Haryana with full proceeds of transgression generated from the enactment exceeding Rs 300 crore," ED has said. The task was near incomplete for much than 10 years with lone 3 towers constructed but not completed, and the aforesaid had resulted into initiation of insolvency proceedings by homebuyers' association.The bureau successful its remand enactment has besides alleged different fraudulent deals by Katyal wherever helium had made amerciable bookings to 3rd parties and indulged successful diversion of funds.
