Ambience Group Promoter Granted Bail In Money Laundering Case
NDTV
Raj Singh Gehlot was arrested under the Prevention of Money Laundering Act, 2002 (PMLA) for allegedly committing bank fraud against the Jammu and Kashmir Bank Consortium.
The Patiala House Court on Wednesday granted bail to businessman Raj Singh Gehlot, Ambience Group's promoter, in a money laundering case related to an alleged bank loan fraud case.
The case relates to certain loans granted by a consortium of banks for the construction of Ambience Hotel at Shahdara in Delhi.
Arrested on July 28, 2021, Raj Singh Gehlot was earlier granted interim bail by a Delhi Court on medical grounds, which had been extended from time to time and was continuing till date. By way of the present order, the bail has now been made permanent.
Raj Singh Gehlot was represented by advocates Tanveer Ahmed Mir, Shikhar Sharma, Vaibhav Suri, Kartik Venu, Saud Khan, Fahad Khan, Swati Khanna and Yash Datt.
