New Delhi: The Enforcement Directorate (ED) had arrested Amit Katyal, a businessman and an in depth affiliate of RJD chief Lalu Prasad Yadav, within the alleged land for job rip-off case in November 2023. The ED has alleged that Amit Katyal, in collusion with Lalu Prasad Yadav, conspired to arrange an organization in ROC Delhi and purchase land parcels in Bihar from job aspirants, when Lalu Prasad Yadav was the Railways Minister on the Centre. The ED has stated that Amit Katyal was summoned by the central probe company for interrogation, however he had been making an attempt to evade it for almost two months.
The ED has stated Amit Katyal knowingly helped Lalu Prasad Yadav and his relations within the course of or exercise associated to the proceeds of crime–by buying, concealing and projecting the proceeds of crime as respectable. “In doing so, he hid the proceeds of crime from their true supply.
Whereas doing so, he intentionally and knowingly confirmed the receipt of Proceeds of Crime as a lawful transaction by maintaining the shareholding of AK Infosystems Pvt Ltd with himself to cover the unlawful gratification and afterward transferring it to Tejashwi Yadav and Rabri Devi,” the ED says.
Amit Katyal protected the actual beneficiary of the PoC after which, whereas transferring the PoC to its actual beneficiary, confirmed the transaction as a traditional enterprise transaction, thus committing the offence of cash laundering, the ED stated.
Who Is Amit Katyal?
Amit Katyal is a businessman who has an in depth relationship with the Lalu household. He was a former director of A Ok Infosystems Personal Restricted, a “beneficiary firm” within the land for job rip-off case. Its registered workplace is a residential constructing in New Pals Colony, South Delhi, which is at the moment being utilized by Tejashwi Yadav as his residence. Amit Katyal is similar businessman who had arrange a beer manufacturing facility in Patna Bihta throughout Rabri Devi’s authorities.
Later, he fashioned an organization named A Ok Infosystems in his title. The ED alleges that this firm acquired enormous properties in its title, after which the Lalu household turned the proprietor of this firm. Katyal’s properties price crores have been transferred to Tejashwi’s title.
At current, all of the shares of A Ok Infosystems firm are with Rabri Devi and Tejashwi Yadav. This firm solely offers in land. A Ok Infosystems has 21 plots of 221 decimals. Two companies, particularly AK Infosystem and AB Export, have additionally been accused on this case.
The ED had submitted that in 2006-07, A Ok Infosystem was fashioned by Amit Katyal and its enterprise was IT information evaluation. No actual enterprise was performed. As a substitute, a number of land parcels have been purchased by the corporate. One land parcel pertains to the principle predicate offence, which is land for a job.
What Is The Land For Job Rip-off?
The land for job rip-off is a case of alleged corruption and cash laundering by Lalu Prasad Yadav and his relations, when he was the railway minister. The rip-off includes giving jobs within the railways to some individuals in alternate for land parcels in Bihar at very low charges. The land parcels have been registered within the title of A Ok Infosystems Personal Restricted, an organization owned by Amit Katyal.
The CBI and the ED have alleged that Lalu Prasad Yadav and his relations acquired enormous properties by way of this unlawful deal and later transferred them to Tejashwi Yadav and Rabri Devi. The CBI and the ED have seized a number of properties and financial institution accounts associated to the rip-off. The CBI has filed a cost sheet in opposition to former railway minister Lalu Prasad Yadav, former Bihar CM Rabri Devi and Bihar deputy CM Tejashwi Yadav within the rip-off. The ED has additionally accused them of cash laundering of Rs 600 crore.
