HomeIndiaLand for Job Scam: 'Lalu's Family Bought Amit Katyal's Company for a...

Land for Job Scam: ‘Lalu’s Family Bought Amit Katyal’s Company for a Very Low Price,’ Claims ED

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In the land-for-job scam case, troubles might increase for Lalu Prasad Yadav and his son, Bihar’s Deputy Chief Minister Tejashwi Yadav. The Enforcement Directorate (ED) has made a significant claim in its chargesheet, stating that businessman Amit Katyal sold his company to former Bihar Chief Minister Rabri Devi and her son Tejashwi Yadav for a very low price.

The ED claims that Amit Katyal’s company, AK Infosystems Private Limited, was taken over by Rabri Devi and Tejashwi Yadav in 2014 for just ₹1 lakh. However, the actual value of the company’s assets was ₹63 crores. Amit Katyal was arrested by the ED in November 2023, and the Delhi High Court granted him interim bail on September 17.

Court Takes Note of the Chargesheet

Last week, a Delhi court took note of the chargesheet filed in August under the Prevention of Money Laundering Act (PMLA). Based on the agency’s findings, the court has also summoned Lalu’s other son, Tej Pratap Yadav, in connection with the case, although the ED did not mention his name directly.

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What is the Land-for-Job Scam?

Lalu Yadav is accused of appointing several people to Group D positions in Indian Railways between 2004 and 2009. In exchange, these people allegedly transferred their land to the family members of then Railway Minister Lalu Yadav and to the name of AK Infosystems Private Limited. At that time, Lalu Yadav was serving as the Railway Minister in the central government.

Company Transfer in 2014

After all the land was transferred to the company, Amit Katyal transferred 100% of the company’s shares on June 13, 2014, to Rabri Devi (85%) and Tejashwi Yadav (15%), making them the full owners of the land owned by the company.

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