ED arrests Gurugram-based Ambience Mall owner Raj Singh Gehlot
The Hindu
According to the ED, a sizeable portion of over ₹800 crore taken in loans from a consortium of banks for a hotel project was diverted and round-tripped via a web of companies.
The Enforcement Directorate (ED) on Thursday arrested Raj Singh Gehlot, the owner of Gurugram-based Ambience Mall, on money laundering charges. In August last year, the Central Bureau of Investigation (CBI) conducted searches on the premises linked to Mr. Gehlot, Ambience Limited, Ambience Developers and Infrastructure Private Limited and unknown officials of the Haryana Urban Development Authority, Town & Country Planning Department. The CBI case was registered on the direction of the Punjab and Haryana High Court, following allegations that the mall had been constructed illegally on 18.98 acres by blatantly flouting the building by-laws and statutory provisions.More Related News
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