NEW DELHI: The Enforcement Directorate (ED) on Thursday said that it has arrested Raj Singh Gehlot, owner of Ambience Mall in a bank fraud case. An ED official told IANS that Gehlot has been arrested from Haryana's Gurugram and will be produced before a court in Delhi later in the day. According to ED officials the bank loan fraud case is worth Rs 200 crore.
According to financial probe agency sources, the ED has initiated a money laundering probe on the basis of an FIR registered by the Anti Corruption Bureau (ACB), Jammu, against Aman Hospitality Private Limited and its directors for money laundering in the construction and development of the five-star Leela Ambience Convention Hotel situated in east Delhi's Yamuna Sports Complex.
During investigation, it was revealed that a huge part of loan amount of more than Rs 800 crore, which was sanctioned by a consortium of banks for the hotel project, was siphoned off by AHPL and Gehlot and his associates through a web of companies owned or controlled by them, the ED source said.
The source further said that a substantial part of the loan money was transferred by AHPL to several companies and individuals on the pretext of "payment of running bills and advance for supply of material/work executed". The source also said that the employees of Ambience Group and the associates of Gehlot were made directors/proprietors of these companies and he was the 'authorised signatory' in many of these companies. (IANS)