Businessman Amit Katyal, the promoter of AK Infosystems, was placed under judicial custody remand until December 5 by the Rouse Avenue Court in Delhi on Wednesday. In connection with an alleged land-for-jobs scam, the Enforcement Directorate recently placed him under arrest. Lalu Prasad Yadav, the chief minister of Bihar and a former minister of railways, is rumored to be close with Katyal. Special Judge Gitanjali Goel granted ED’s request for Katyal to be placed under judicial custody. Following the conclusion of the court-mandated remand period, Amit Katyal was brought before the court by the Enforcement Directorate.
Recently, the Delhi High Court refused to quash Enforcement Directorate (ED) proceedings against Amit Katyal, who is accused of engaging in transactions with the family members of former railways minister Lalu Prasad Yadav.
Earlier, the lawyers for Katyal submitted that the original FIR was registered on May 18, 2022, by CBI and the period of transaction is 2004-09.
The ED registered ECIR on August 16 in 22 in relation to the case.
CBI has concluded the investigation and I am cited as a protected witness.
The ED claims that in March, searches were carried out at 24 locations throughout the Delhi NCR, Patna, Mumbai, and Ranchi in connection with the Railways “Land for Job Scam.” These searches yielded the recovery of unaccounted cash amounting to Rs. 1 Crore, foreign currency, including USD 1900, 540 grams of gold bullion, and over 1.5 kg of gold jewelry, which is estimated to be worth Rs. 1.25 crores. Additionally, several other incriminating documents were found, including various property documents, sale deeds, and other documents held in the names of family members and benamidaars, indicating the illicit accumulation of substantial land bank and electronic devices.