ED alleged that Amit Katyal hatched a conspiracy to set up a company in connivance with Lalu Yadav
New Delhi:
The Enforcement Directorate (ED) has said that businessman Amit Katyal, in connivance with RJD president Lalu Prasad Yadav, hatched a conspiracy to set up a company in ROC Delhi and buy plots in Bihar from potential job seekers.
ED said Amit Katyal had hatched this conspiracy when Lalu Prasad Yadav held the Railway Ministry portfolio at the Centre.
Appearing for the Enforcement Directorate, Advocate Manish Jain submitted before the Court that Amit Katyal knowingly aided and abetted Lalu Prasad Yadav and his family members in the process or activity related to the proceeds of crime – through acquiring the proceeds of crime, where the proceeds of crime are concealed and the proceeds of crime are then projected as untainted.
In doing so, he has concealed the proceeds of crime from their true origins. While doing so, he knowingly projected the receipt of proceeds of crime as a legitimate transaction by keeping the shareholding of AK Infosystems Pvt Ltd with himself to conceal the illegal activities. satisfaction and later handed over to Tejashwi Yadav and Rabri Devi,” added lawyer Manish Jain.
Amit Katyal protected the real beneficiary of the PoC and then, while transferring the PoC to the real beneficiary, projected the transaction as a normal business transaction, thereby indulging in the crime of money laundering, the ED lawyer said.
In this case, ED, through its lawyer, alleged that former Bihar Chief Minister Rabri Devi was instrumental in acquiring proceeds of crime and further utilizing proceeds of crime to integrate proceeds of crime into mainstream economics to project the acquisition of crimes. POC as unaffected.
According to the Enforcement Directorate, Hema Yadav, daughter of Lalu Prasad Yadav, also acquired proceeds of crime in the guise of gifts received from family members, while concealing the actual source of proceeds of crime from the planned crime. She was actively involved in the money laundering process as she was the recipient of the sale proceeds from plots of land, i.e. an original form of POC, and she later transferred the sale proceeds to her relatives through a maze of transactions. A company controlled by her family members was the ultimate beneficiary of this POC, with P0C being used in daily business operations.
On Saturday, after going through the recent chargesheet filed by ED and the submissions of ED lawyer Manish Jain, Special Judge Vishal Gogne issued summons to all the accused named in the chargesheet, including Rabri Devi's two daughters, Misha Bharti and Hema Yadav and others.
Special Judge Vishal Gogne summoned the suspects after taking cognizance of the charge sheet filed by the Enforcement Directorate (ED).
The court issued a production order to produce Amit Katyal at the next hearing. Two companies have also been accused in this case, namely AK Infosystem and AB Export.
The next hearing is February 9.
While taking note of the charge sheet, the court said that there is sufficient material to take cognizance of.
EDs had submitted that AK Infosystem was founded by Amit Katyal in 2006-07 and was into IT data analytics. No real business was done. Instead, several plots of land were purchased by the company. One parcel of land relates to the main basic offence, namely land for work.
Advocate Manish Jain, Special Public Prosecutor (SPP) for ED, stated that Amit Katyal is the only accused arrested. Other accused include Rabri Devi, Misa Bharti, Hema Yadav, AK Infosystem, AB export and Hridyanand Chaudhary. The Enforcement Directorate (ED) has filed a complaint against Land for money laundering in the field of job fraud.
ED has named Bihar's former CM Rabri Devi, her daughters Misa Bharti and Hema Yadav, Hridyanand Chaudhary and Amit Katyal. Two companies, AB Export and AK Infosystems, have also been accused.
Lawyers Manish Jain and Ishan Baisla also argued that AB Export would be into exports. It was established in 1996. In 2007, Rs. five crore came through five companies and a property was purchased in New Friends colony.
According to the ED, the PMLA investigation conducted so far has revealed that several plots of land in prominent locations in Patna and other areas were illegally acquired by the family of the then Rail Mantri, Lalu Prasad Yadav, in lieu of jobs provided by the railways were offered. .
Further, investigation under PMLA revealed that the property located in New Friends Colony, Delhi (4-storey independent bungalow registered in the name of AB Exports Private Limited, a company owned and controlled by Tejashwi Prasad Yadav and family) was acquired against worth just Rs 4 lakhs, of which the current market value is approximately Rs 150 Crore.
It is suspected that a huge amount of cash or proceeds of crime was invested in the purchase of this property and a few Mumbai-based entities dealing in the gems and jewelery sector were used to channel ill-gotten proceeds of crime in this regard . The building has been declared on paper as an office of AB Exports Private Limited and AK Infosystems Pvt Ltd.; It is used exclusively as a living space by Tejasvi Prasad Yadav, son of Lalu Prasad Yadav, a statement said.
During the searches, Tejasvi Prasad Yadav was found to be staying in this house and using this house as a residence.
An ED investigation has revealed that four plots of land acquired by Lalu Yadav's family from poor Group D applicants for just Rs 7.5 lakh were sold by Rabri Devi to Syed Abu Dojana, a former RJD MLA, with huge profits of Rs 3.5 crore in a collusive deal.
ED investigation further revealed that a major part of the amount thus received was transferred to the account of Tejashwi Prasad Yadav. Investigation revealed that land was similarly taken from several poor parents and candidates in lieu of Group D jobs in railways. During the survey, it was found that in many railway zones, more than 50 percent of the candidates recruited were from the constituencies of Lalu Yadav families, ED said.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
