“Amit Katyal’s Krrish Realtech Embroiled in ₹205 Crore Scam, ED Investigates”
The Enforcement Directorate (ED) has uncovered a major scam involving Krrish Realtech, a Gurugram-based realty group, where homebuyers’ funds worth ₹205 crore were allegedly diverted to a hotel project in Colombo, Sri Lanka. The ED has filed a chargesheet and the court has issued a notice in the case.
The ED’s Investigation:
The agency’s probe revealed that Krrish Realtech collected over ₹500 crore from homebuyers for housing plots, but diverted a significant portion to the Sri Lankan project. Amit Katyal, a key accused, is already under arrest in another case.
Serious Allegations:
The ED’s investigation has raised serious questions about the realty group’s business practices and the misuse of homebuyers’ funds. The case highlights the need for stricter regulatory oversight in the real estate sector.
