The Enforcement Directorate (ED) has arrested Haryana-based real estate and liquor businessman Rajesh Katyal. He is the brother of Amit Katyal, who was earlier arrested in the Land for Job case. Amit Katyal is closely linked to former Railway Minister Lalu Prasad Yadav’s family.
Rajesh Katyal is accused of defrauding hundreds of investors. ED had filed a money laundering complaint against him and initiated an investigation. Earlier raids on the Katyal brothers’ properties led to the seizure of Rs 2.41 crore worth of jewelry and coins, Rs 32 lakh in cash, luxury cars, and multiple digital devices.
ED also attached 70 acres of land in Gurugram, flats, a Delhi farmhouse, and FDs worth Rs 113 crore, all linked to Amit Katyal and his companies.
The ED investigation revealed bank accounts in London, Sri Lanka, and St. Kitts, where funds were allegedly siphoned off. The agency claims Amit Katyal sent Rs 400 crore abroad using shell companies.
Both the Gurugram and Delhi Police have registered FIRs against the Katyal brothers based on complaints from investors. The ED acted on these FIRs to file a case under money laundering. Amit Katyal is currently out on bail.
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