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The Supreme Court transferred the money-laundering case against real estate-linked businessman Amit Katyal to Delhi, in a matter tied to alleged cheating of homebuyers in Gurugram. The Enforcement Directorate alleges his company used fraudulent bookings and diverted funds, with claims that buyers were duped of hundreds of crores.
11:13 PMEconomic Times RealtyThe CBI filed its sixteenth chargesheet in a set of alleged large-scale homebuyer fraud cases, naming a Noida-based real estate company and bank officials for conspiracy. Investigators say buyers and investors were cheated through deceptive practices backed by illegal financial conduct, with more cases still under probe nationwide.
7:53 AMEconomic Times RealtySummary
The Supreme Court transferred the money-laundering case against real estate-linked businessman Amit Katyal to Delhi, in a matter tied to alleged cheating of homebuyers in Gurugram. The Enforcement Directorate alleges his company used fraudulent bookings and diverted funds, with claims that buyers were duped of hundreds of crores.
Why it matters
The transfer raises the legal temperature for Gurugram-linked real estate cases by pushing them into a faster, more centralized enforcement and adjudication track.
Summary
The CBI filed its sixteenth chargesheet in a set of alleged large-scale homebuyer fraud cases, naming a Noida-based real estate company and bank officials for conspiracy. Investigators say buyers and investors were cheated through deceptive practices backed by illegal financial conduct, with more cases still under probe nationwide.
Why it matters
It hardens the regulatory and legal stance on builder-lender collusion, increasing compliance costs and financing friction across India’s housing market.
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