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Katyal was detained based on findings revealed during the agency’s investigation into the alleged fraud. According to News18 Hindi, ₹300 crore.
According to news agency PTI, Katyal was detained by the ED’s Gurugram zonal office on Monday, November 17, under provisions of the Prevention of Money Laundering Act (PMLA).
Later, a special court in Gurugram sent him to six days’ ED custody.
Allegations regarding housing projects
The latest action stems from a case originally registered by the Economic Offenses Wing (EOW) of Delhi Police, which was later taken over by the ED.
According to News18 Hindi, Katyal was earlier booked in another case and is a key accused linked to M/s Angle Infrastructure Pvt Ltd, which is under investigation for alleged real estate irregularities.
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According to PTI, the focus of the investigation is allegations of non-delivery of flats in the Krish Florence Estate project located in Gurugram’s Sector 70, a 14-acre development by Angle Infrastructure.
According to News18 Hindi, serious allegations including fake booking, irregularities in obtaining license and raising money from buyers even before the license was granted by DTCP Haryana were made in a project meant for government employees.
Katyal was also chargesheeted in August in another case related to Krish Realtech, where around Rs 20 crore was allegedly not paid to home buyers. According to PTI, ₹500 crore.
Connection to the case related to Lalu Prasad
Katyal was earlier arrested by the ED in 2023 in a separate money-laundering probe related to the alleged land-for-jobs scam involving RJD chief Lalu Prasad, Rabri Devi and other family members.
The agency’s current custodial inquiry is expected to focus on fund flow, licensing processes and alleged manipulation of money collected from home buyers.