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New Delhi: The Enforcement Directorate on Friday said it has attached a multi-storey commercial complex located in Delhi’s Shalimar Bagh area worth over Rs 252 crore in connection with a money laundering probe linked to an alleged bank fraud case. environment group,
real estate name Ambience Tower and it belongs to a company named Ambience Towers Pvt Ltd, promoted by a firm of Ambience Group Raj Singh Gehlotthe agency said in a statement.
The ED had issued a provisional order under the Prevention of Money Laundering Act (PMLA) to attach the commercial building totaling Rs 252.17 crore.
The money laundering case stems from an FIR and charge sheet filed by the Anti-Corruption Bureau of Jammu and Kashmir, which found that a company named Aman Hospitality Pvt. Ltd., through its promoter director Gehlot, was sanctioned a term loan facility of Rs 810 crore by a consortium of banks led by Jammu and Kashmir Bank to partially finance its hotel project at Shahdara, Delhi.
“The loan amount later turned into NPA,” the ED said. During investigation, it was revealed that Gehlot had diverted the loan amount and layered it through a web of bank accounts belonging to his relatives and Ambience Group companies. did.”
Apart from the diversion of funds, it was also found that Gehlot “diverted” the material to other project sites of Ambience Group.
Gehlot was arrested by the ED in September 2021 in this case.
His wife Sheela Gehlot and other directors of Ambience Group such as Amit Gehlot, Shamsher Singh and Pawan Singh were also named as accused in the chargesheet filed by the ED.
The agency had earlier attached assets worth Rs 20.20 crore belonging to Raj Singh Gehlot, his family members and Ambience Group of companies.
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