Krrish Realtech, a real estate firm in Gurugram, faces scrutiny. The company allegedly took over Rs 500 crore from homebuyers. Promoter Amit Katyal is accused of misuse. The Enforcement Directorate (ED) claims Rs 205 crore went to a Sri Lankan hotel project. Katyal, already jailed for another case, faces fraud charges. He allegedly cheated buyers and misused funds via fake firms. The ED is probing many such cases nationwide.
The NCR region sees many due to its growth. This case involves Krrish Realtech and its owner, Amit Katyal. Katyal was arrested in 2023. This arrest was for a different money laundering case. That case linked to land deals with railway jobs. RJD chief Lalu Prasad was also involved. The ED filed charges in July. A special court issued a notice on August 19.