The Enforcement Directorate (ED) on Thursday said that it has arrested Raj Singh Gehlot, owner of Ambience Mall in a bank fraud case.
An ED official told IANS that Gehlot has been arrested from Haryana’s Gurugram and will be produced before a court in Delhi later in the day.
According to ED officials, the bank loan fraud case is worth Rs 200 crore.
Gehlot is also being probed by the CBI.
The Punjab and Haryana High Court had directed the CBI to probe the case for the alleged illegal construction of a commercial building on approximately 18.98 acres of land in Gurugram by blatantly flouting the building by-laws and statutory provisions in collusion with others.
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It was alleged that the land where the Ambience Mall was built was meant for a housing project.
The CBI has registered a case against a private person, Gehlot, Ambience Ltd and Ambience Developers and Infrastructure Pvt Ltd and unknown officials of HUDA, Town and Country Planning Department and unknown private persons on the orders of the Punjab and Haryana High Court.
The ED and CBI had carried out searches at several locations of Gehlot last year.
Earlier, the ED raided seven locations in Delhi connected to Raj Singh Gehlot. These included the offices of Aman Hospitality Pvt Ltd (AHPL) and Ambience group, which runs the Ambience Malls in NCR and luxury hotel The Leela Ambience Convention Centre among other such real estate properties.
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On conducting searches at these seven premises, the central investigation agency recovered Rs 16 lakh in cash and Rs 25 lakh in foreign currency.
In the last few months, the ED had brought in Raj Singh Gehlot for questioning on several occasions. Interrogation of the mall owner revealed that the plot of land on which the Ambience Mall in Gurugram is constructed was meant for a housing project. It is being said that Gehlot committed the fraud with the help of politically connected people and government officials.
The Ambience Group is well-diversified and also involved into developing premium offices in Gurugram, Shalimar Bagh and Rohini. The group also owns luxury hotels including The Leela Ambience Hotel & Residences, Gurugram and The Leela Ambience Hotel & Convention Centre, East Delhi.
The Ambience Group has its in-house construction and development capabilities, and is headquartered in Delhi.
 on Thursday said that it has arrested Raj Singh Gehlot, owner of Ambience Mall in a bank fraud case.){kind=link}