The Enforcement Directorate has hooked up a commercial property price ₹252.17 crore belonging to Ambience Towers Private Limited, in reference to a cash laundering probe.
The firm is promoted by businessman Raj Singh Gehlot. The ED probe relies on a case and chargesheet filed by the anti-corruption bureau in Jammu & Kashmir.
According to the ED, Aman Hospitality Private Limited — by its promoter director Raj Singh Gehlot — was sanctioned a term-loan facility of ₹810 crore by a consortium of banks led by the J&Okay Bank to part-finance its resort venture in Delhi’s Shahdara. The mortgage account was later declared a non-performing asset.
As alleged, the accused had diverted mortgage funds and layered the cash by an online of financial institution accounts belonging to his family members and Ambience Group firms. Building supplies had been additionally transported to the opposite venture websites of the group.
Based on the findings, the company had arrested Mr. Gehlot on July 28, 2021. “His wife, Sheela Gehlot, and other directors of Ambience Group companies named Amit Gehlot, Shamsher Singh and Pawan Singh, were arraigned as accused in the prosecution complaints (chargesheets) filed by the ED,” stated the company on Friday.
Earlier, the ED had hooked up movable and immovable properties price ₹20.20 crore belonging to Mr. Gehlot, his relations and the group firms.
