ED Seizes ₹200 Crore in Assets Linked to Lalu’s Close Aide in Money Laundering Case

New Delhi (The Uttam Hindu): In a major action in the money laundering case, the ED has seized an under-construction luxury hotel in Colombo and some other properties worth more than Rs 200 crore. The company is accused of cheating home buyers. The promoter of this company named 'Krish Realtech Private Limited' is Amit Katyal, who is considered a close associate of RJD chief Lalu Prasad's family. The ED arrested Katyal in 2023 in another money laundering case related to the alleged land-for-job scam in the railways involving Lalu Prasad and his family.

The ED said it has issued an order for provisional attachment of an under-construction luxury hotel in Sri Lanka's "Colombo 1" area and leasehold rights over four acres of land. About 2.82 acres of land (in the name of Good Earth Business Park Pvt Ltd) worth Rs 19.08 crore in Badshahpur and Ghasola villages in Sector 66, Gurugram has also been attached.

It is alleged that Amit Katyal siphoned off the money collected from various plot buyers and investors to a Sri Lankan company called The One Transworks Square (Private) Limited (formerly Krish Transworks Colombo Private Limited), which was developing a luxury real estate project in Sri Lanka. The seized property in Colombo is worth Rs 205 crore and includes about four acres of land and lease rights of some buildings.