The Enforcement Directorate (ED) on Friday performed searches at seven premises related to the Atmosphere Group, which owns Leela Atmosphere Conference Lodge in east Delhi and Atmosphere Mall of Gurgaon.
In response to the company, searches had been performed on the places of work of Aman Hospitality Pvt Ltd (AHPL), an Atmosphere Group firm, and residential premises of its administrators Raj Singh Gehlot, Dayanand Singh, Mohan Singh Gehlot and their associates.
The searches had been performed in reference to a case of alleged siphoning off of greater than Rs 800 crore in financial institution mortgage. The ED alleges this cash was moved via shell corporations floated by Gehlot, the place his personal staff had been administrators.
The company claimed to have seized Rs 16 lakh money and international forex equal to round Rs 24 lakh (16,120 Euros; £5,115; and $6,302) throughout Friday’s searches on the residence of Raj Gehlot. A number of incriminating paperwork and digital proof had been additionally seized throughout the search, in accordance with the ED.
The ED case is predicated on an FIR registered by the Anti-Corruption Bureau of Jammu in opposition to AHPL and its administrators in reference to alleged mortgage fraud within the building and improvement of the 5-star ‘Leela Atmosphere Conference Lodge’ at 1, CBD, Maharaj Surajmal Street, in east Delhi. Sources mentioned the case was registered on a grievance from J&Ok Financial institution, which was a part of the consortium of banks that had granted the mortgage.
The ED mentioned in a press release: “Investigation below PMLA revealed that a large a part of mortgage quantity of greater than Rs 800 crore for the lodge mission was siphoned off by AHPL and Raj Singh Gehlot and his associates via an internet of corporations owned / managed by them. A considerable a part of the mortgage cash was transferred by AHPL to a number of corporations and people on the pretext of ‘fee of operating payments and advance for provide of fabric/work executed’. The staff of Atmosphere Group and the associates of Raj Singh Gehlot had been made administrators/proprietors of those corporations and Raj Singh Gehlot was the ‘licensed signatory’ in lots of of those corporations.”
The company acknowledged, “No materials was equipped and no work was executed and nearly your entire quantity was instantly routed again to the entities owned by Raj Singh & Sons HUF [Hindu Undivided Family] and his brother’s son…