Ambience tower - Latest News Update, Information, Photos & Videos on Ambience tower at Lokmat Times

New Delhi, March 24 The Enforcement Directorate (ED) on Friday said it has attached Ambience Tower, a multi-storey commercial complex worth Rs 252.17 crore in Shalimar Bagh in the national capital in connection with a money laundering case.Delhi-based Ambience Tower belongs to Ambience Towers Pvt. Ltd, a company of Ambience Group, promoted by Raj Singh Gehlot, the ED said.Acting on an FIR and subsequent chargesheet filed by Anti-Corruption Bureau, Jammu and Kashmir under the Provisions of Ranbir Penal Code, and Prevention of Corruption Samvat Act, the ED initiated investigation.The ED learnt that Aman Hospitality Pvt. Ltd through its promoter director Gehlot was sanctioned Term Loan facility of Rs 810 crore by a Consortium of Banks led by J&K Bank to part finance its hotel project in Shahdara, Delhi. However, the loan amount later turned into an NPA," the agency said.Besides, Gehlot had diverted loan funds and layered the same through a web of bank accounts belonging to his relatives and Ambience Group companies. In addition to diversion of funds, it was also found that Gehlot had diverted materials to the other project sites of Ambience Group, it added.Gehlot was arrested on July 28, 2021. His wife, Sheela Gehlot and other directors of Ambience Group Companies namely Amit Gehlot, Shamsher Singh and Pawan Singh were named as accused in the chargesheets filed by the ED.The ED filed two prosecution complaints in the present case before Patiala House Courts.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Ambience TowerFOLLOW

Ambience tower, Latest News

National :Delhi: Video Shows Debris Falling on Escalators As Portion of Roof Collapses in Ambience Mall

A portion of the roof collapsed at Ambience Mall in Delhi's Vasant Kunj during routine maintenance work in the ... ...

National :Delhi: ED attaches Ambience Tower worth over Rs 252 cr in money laundering case

New Delhi, March 24 The Enforcement Directorate (ED) on Friday said it has attached Ambience Tower, a multi-storey ... ...