Searches have been performed at places of work of the AHPL and different firms of Atmosphere group.
New Delhi:
The Enforcement Directorate raided seven premises of a Delhi-based realtor on Friday in reference to a money-laundering case in opposition to him and his firm over an alleged financial institution mortgage fraud of Rs 800 crore and irregularities within the building of a five-star lodge.
Searches have been performed on the places of work of the Aman Hospitality Pvt Ltd (AHPL) and different firms of the Atmosphere group, and the residences of its administrators Raj Singh Gehlot, Dayanand Singh, Mohan Singh Gehlot and their associates, the ED mentioned in a press release.
Money, together with overseas foreign money, value Rs 40 lakh was “seized from the residence of Raj Singh Gehlot,” it mentioned. “A number of incriminating paperwork and digital evidences have been additionally seized in the course of the search.”
The case below the Prevention of Cash Laundering Act is predicated on an FIR by the Jammu anti-corruption bureau final 12 months in opposition to the AHPL and its administrators for cash laundering over the development and growth of the Leela Atmosphere Conference Resort on Maharaj Surajmal Highway in Delhi, the ED mentioned.
A probe discovered “large half” of an over Rs 800-crore mortgage, which was sanctioned by a consortium of banks for the mission, was siphoned off by the AHPL, Raj Singh Gehlot and his associates by way of a “internet of firms owned and managed by them”, the company claimed.
“A considerable a part of the mortgage cash was transferred by AHPL to a number of firms and people on the pretext of cost of operating payments and advance for provide of fabric/and work executed,” it mentioned.
The workers of Atmosphere Group and Raj Singh Gehlot’s associates have been made the administrators and proprietors of those firms and he was the “approved signatory” in lots of of those firms, in accordance with the ED.
The investigation discovered that “no materials was equipped and no work was executed and virtually your complete quantity was instantly routed again to the entities owned by Raj Singh and Sons HUF (Hindu undivided household) and his brother’s son”, the ED mentioned.
“Cash was additional siphoned off by way of a number of layers in a fancy internet of group entities,” it added.
(Apart from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)
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