CBI files FIR again Haryana mall owner in J-K bank fraud case

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The Central Bureau of Investigation (CBI) has filed a First Information Report (FIR) against Raj Singh Gehlot, the owner of Gurugram’s Ambience Mall, in a fraud case involving the Jammu and Kashmir Bank for over 289 crore rupees. Some bank officials, along with Raj Singh Gehlot, are being investigated for allegedly conspiring to defraud the public money, reported India Today.

Quoting the FIR, India Today reported that the Anti-Corruption Bureau (ACB) verified the accusations that the officials of JK Bank’s Ansal Plaza branch in New Delhi issued loans worth hundreds of crores of rupees in the name of Raj Singh Gehlot’s firm, Aman Hospitality Private Limited.

As per the report, the loan amount was later labeled a non-performing asset (NPA) with the firm’s and bank’s cooperation in order to enable a one-time settlement and provide a benefit to the firm.

Quoting the Aman Hospitality Private Limited officials, India Today reported that the firm obtained a term loan worth 227 crore rupees. He had obtained a bank guarantee limit of 15 crore rupees while taking out the balance of the loan from the JK Bank on the mortgage of a 20,000-square-metre project plot. A five-star premium hotel complex was to be built in Shahdara, Delhi, as part of the project, as per the report.

As per the report, JK Bank officials have been accused of helping Raj Singh Gehlot and the promoters-directors of Aman Hospitality Limited, Dayanand Singh and Aman Gehlot, in committing the fraud.

“JK Bank illegally and with malafide intentions settled loan amount for an amount of Rs 128.94 crore against the total outstanding amount of Rs 289.28 crore, which was less than the principal amount of Rs 261.47 crores,” CBI officials told India Today..

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