Court rejects bail plea of Ambience group's promoter in Rs 800 crore fraud case

Last updated: 21 September 2021

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Raj Singh Gehlot, promoter of Ambience group and owner of Ambience Mall, has had his bail plea dismissed by the Patiala House Court. He was arrested by the Enforcement Directorate in July 2021 in connection with an alleged Rs 800 crore bank loan fraud and money laundering case involving the Jammu and Kashmir Bank Consortium. The court cited the gravity of economic offences, the intricate nature of the investigation, and the potential for the applicant to influence proceedings as reasons for denial.

Court :
Patiala House Court

Brief :
In Directorate of Enforcement v. Raj Singh Gehlot [ECIR/14/HQ-STF/2019 dated September 10, 2021], Raj Singh Gehlot ("the Applicant") moved a bail application for grant of regular bail but the bail plea was dismissed by Hon'ble Patiala House Court.

Citation :
ECIR/14/HQ-STF/2019 dated September 10, 2021

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Bimal Jain

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FCA, FCS LLB with21 Yrs of Experience inTaxation Indirect and Direct: Education Qualification: B.Com (Hons) Chartered Accountants Company Secretary LLB Qualified SAP FI/CO Consultants Professional Membership: Chairmanof Indirect Tax Committee of PHD Chamber of Commerce Member of Indirec ... Read more

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