ED, Gurugram Zonal Office has provisionally attached properties of M/s Krrish Realtech Pvt. Ltd., Amit Katyal and others on 17.10.2024 worth Rs. 56.86 Crore under the provisions of PMLA, 2002 in the case of Amit Katyal, M/s Krrish Realtech Pvt. Ltd. Further, ED has conducted search operations at two premises on 18.10.2024 leading to recovery of Rs. 35 Lakh in cash and incriminating material. During the course of investigation, Rajesh Katyal has been arrested on 19/10/2024 and same day produced before the Hon’ble Special Court, Saket, New Delhi. The Hon’ble Court on 19.10.2024 has granted ED Custody for seven days

The Directorate of Enforcement (ED), Gurugram, has provisionally attached properties worth Rs. 56.86 crore belonging to M/s Krrish Realtech Pvt. Ltd., Amit Katyal, and others under the Prevention of Money Laundering Act (PMLA), 2002. This action is in connection with allegations that Amit Katyal, along with his associates, siphoned off plot buyers' money by accepting it without having a licence from DTCP. The ED conducted search operations at two premises on October 18, leading to the recovery of Rs. 35 lakh in cash and incriminating material. During the investigation, Rajesh Katyal was arrested on October 19 and produced before the Hon'ble Special Court, Saket, New Delhi. The court granted ED custody for seven days. The ED initiated an investigation into multiple FIRs registered by the Gurugram Police and Economic Offences Wing (EOW), New Delhi, against Amit Katyal, Rajesh Katyal, and their associates, alleging they engaged in real estate fraud and illicitly transferred hundreds of crores abroad through a coordinated scheme involving cheating, deception, and fraud. The investigation revealed that Rajesh Katyal was a key conspirator in collecting and diverting hundreds of crores from prospective plot buyers. The ED is further investigating the recovery and seizure of cash and incriminating material, with ongoing investigations under progress.