Delhi Court Remands Ambience Mall Owner To Judicial Custody Till August 21 In Money Laundering Case

A Delhi Court has remanded Raj Singh Gehlot, owner of the Gurugram-based Ambience Mall to judicial custody till August 21 in connection with a money laundering case for allegedly siphoning off the loan amount and diverting funds while entering into a criminal conspiracy.

Additional Sessions Judge Dharmender Rana pronounced the order after an application was moved on behalf of the Investigating Officer seeking 14 days judicial custody of Gehlot.

"Considering the material available on record accused Raj Singh Gehlot is remanded to judicial custody till 21.08.2021," ordered the judge.

A loan was allegedly sanctioned to M/s AHPL by a consortium of banks led by J&K Bank, Ansal Plaza, Delhi for construction of a hotel. Gehlot was accused of siphoning off the money in connivance of bank officials through a web of shell companies and his associates.

It was therefore alleged that Gehlot entered into a criminal conspiracy with other accused persons to fraudulently siphon off the loan amount by diverting the funds for other purposes such as to settle the loan of other group companies and making Fixed Deposit as well as diversion of materials to other projects of the Ambience Group. 

Earlier, Gehlot was sent to Enforcement Directorate's remand till August 7 after his previous remand custody ended on August 5.

Title: Directorate of Enforcement v. Raj Singh Gehlot