The Enforcement Directorate (ED) arrested Kalyan Banerjee in Hyderabad on January 10. He tried to interfere in the ongoing money laundering probe linked to Nowhera Shaik's large ponzi scheme case. Banerjee also attempted to stall auctions of attached properties worth ₹428 crore. These properties are part of assets seized in the case against Nowhera Shaik, accused of cheating investors of over ₹5,978 crore by promising high returns but not paying back. The ED told the special PMLA court at Nampally that Banerjee falsely claimed he had connections with senior officials and pressured ED officers to stop auctions happening through MSTC. After Banerjee's efforts failed in court, where Nowhera Shaik's petitions were dismissed with hefty penalties, he was caught by ED based on secret intelligence. A search of his home in Secunderabad turned up chats on WhatsApp with Nowhera Shaik's team, showing attempts to misuse the legal process and secretly sell seized assets to earn illegal commissions. Banerjee admitted in statements he was impersonating a consultant and helped Nowhera Shaik and her associates use illegal means in the probe. He is now in judicial custody until January 23 as the ED continues its investigation and seeks to return auction money to victims.