Court dismisses bail plea of Ambience group promoter in money laundering case
New Delhi Sep 10 PTI A Delhi court has dismissed the bail application of Ambience group promoter Raj Singh Gehlot in a money laundering case linked to an alleged bank loan fraud of Rs 800 croreAdditional Sessions Judge Dharmender Rana on Wednesday said there was a strong possibility that the accused could hamper the investigation if released on bailConsidering the nature of the offence seriousness of allegations and a strong possibility of applicantaccused attempting to influence the course of trial by influencing the witnesses and tampering with the evidence I am of the considered opinion that the bail application is bereft of any merits and the same is accordingly dismissed the judge saidThe bail plea was opposed by EDs special public prosecutor N K MattaGehlot was arrested under the provisions of the Prevention of Money Laundering Act PMLAThe ED had raided Gehlot his company Aman Hospitality Private Limited AHPL some other firms of the Ambience group director in the company Dayanand Singh Mohan Singh Gehlot and their associates in July last yearThe ED case against Gehlot who is also a promoter of the Ambience Mall in Gurugram is based on a 2019 FIR of the Anti-Corruption Bureau of Jammu against AHPL and its directors for alleged money laundering in the construction and development of the five-star Leela Ambience Convention Hotel located near Yamuna Sports Complex in DelhiThe ED claimed that its probe found that a huge part of the 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 Raj Singh Gehlot and his associates through a web of companies owned and controlled by themA 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 the supply of material and work executed the agency had allegedThe employees of the Ambience group and Gehlots associates were made directors and proprietors in these companies and Gehlot was the authorised signatory in many of these entities it had said PTI UK RKS RKS
New Delhi Sep 10 PTI A Delhi court has dismissed the bail application of Ambience group promoter Raj Singh Gehlot in a money laundering case linked to an alleged bank loan fraud of Rs 800 croreAdditional Sessions Judge Dharmender Rana on Wednesday said there was a strong possibility that the accused could hamper the investigation if released on bailConsidering the nature of the offence seriousness of allegations and a strong possibility of applicantaccused attempting to influence the course of trial by influencing the witnesses and tampering with the evidence I am of the considered opinion that the bail application is bereft of any merits and the same is accordingly dismissed the judge saidThe bail plea was opposed by EDs special public prosecutor N K MattaGehlot was arrested under the provisions of the Prevention of Money Laundering Act PMLAThe ED had raided Gehlot his company Aman Hospitality Private Limited AHPL some other firms of the Ambience group director in the company Dayanand Singh Mohan Singh Gehlot and their associates in July last yearThe ED case against Gehlot who is also a promoter of the Ambience Mall in Gurugram is based on a 2019 FIR of the Anti-Corruption Bureau of Jammu against AHPL and its directors for alleged money laundering in the construction and development of the five-star Leela Ambience Convention Hotel located near Yamuna Sports Complex in DelhiThe ED claimed that its probe found that a huge part of the 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 Raj Singh Gehlot and his associates through a web of companies owned and controlled by themA 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 the supply of material and work executed the agency had allegedThe employees of the Ambience group and Gehlots associates were made directors and proprietors in these companies and Gehlot was the authorised signatory in many of these entities it had said PTI UK RKS RKS
