Delhi Court sends Ambience mall owner Raj Singh Gehlot to 14-days of judicial custody in a bank fraud case [Read Order]

A Delhi court on Saturday remanded Ambience mall owner Raj Singh Gehlot to 14-days of judicial custody in an alleged bank fraud case being investigated by the Enforcement Directorate (ED) [Directorate of Enforcement v. Raj Singh Gehlot]..Additional Sessions Judge Dharmender Rana briefly heard ED Special Public Prosecutor N K Matta, who said he was moving an application seeking judicial custody.“Present is an application moved on behalf of the IO seeking judicial custody remand of accused Raj Singh Gehlot for a period of 14 days. Considering the material available on record accused Raj Singh Gehlot is remanded to judicial custody till August 21, 2021,” the remand order stated..On August 6, the court had remarked that the investigation of an offence under Prevention of Money Laundering Act (PMLA) in itself is an intricate exercise of skills and patience while remanding Gehlot to ED's custody till Saturday. “Investigation of an offence under PMLA in itself is an intricate exercise of skills and patience. The very nature of offence requires sustained interrogation and an intensive analysis of the copious material collected during the course of investigation,” the Court had underscored.Further, the Court was of the opinion that due to its intricate nature, a PMLA investigation “for obvious reasons” was a time-consuming process..Probe of offence under Prevention of Money Laundering Act an intricate exercise of 'skills and patience': Delhi Court.Gehlot is accused of allegedly criminally conspiring and siphoning off a loan sanctioned to M/s AHPL by a consortium of banks led by J&K Bank, Ansal Plaza, Delhi for construction of a hotel.It was alleged that he connived with bank officials, defalcated the money and siphoned it off through a complex web of shell companies and his associates. Gehlot is stated to be one of the directors of M/s AHPL.On July 29, the court had remanded him to ED's custody till August 5.