New Delhi: The Enforcement Directorate (ED) on Friday attached immovable properties of Ambience Group, promoted by Raj Singh Gehlot in connection with money laundering case. The ED sleuths attached Delhi-based Ambience Tower in Shalimar Bagh worth Rs 252.17 crores.
The agency had launched probe into money laundering charges against the company on basis of FIR & subsequent chargesheet filed by Anti-Corruption Bureau, Jammu and Kashmir under the Provisions of Ranbir Penal Code, 1989 and Prevention of Corruption Samvat Act, 2006.
PMLA investigation revealed that M/s Aman Hospitality Pvt. Ltd through its promoter director Raj Singh Gehlot was sanctioned Term Loan facility of Rs. 810 Crore by a Consortium of Banks led by J&K Bank to part finance its hotel project in Shahdara, Delhi. The Loan Amount later turned into an NPA.
During investigation, it was revealed that Raj Singh Gehlot had diverted loan funds and layered the same through a web of bank accounts belonging to his relatives and Ambience Group companies. In addition to diversion of funds, it was also found that Raj Singh Gehlot had diverted materials to the other project sites of Ambience Group.
Pursuant to findings, Raj Singh Gehlot was arrested on 28.07.2021. His wife, Sheela Gehlot and other directors of Ambience Group Companies namely Amit Gehlot, Shamsher Singh and Pawan Singh were arraigned as accused in the Prosecution Complaints filed by the ED.
Earlier, ED had attached movable/immovable properties worth Rs. 20.20 Crore belonging to Raj Singh Gehlot, his family members and Ambience Group Companies.
Further Investigation in the matter is under progress.