Additional Sessions Judge Dharmender Rana noted that the material available on the file suggests that Gehlot was involved in a criminal conspiracy with other defendants to fraudulently infer the loan amount by using the funds for purposes other than those for which they were released were redirected.
A bank consortium led by JandK Bank, Ansal Plaza, Delhi, is said to have approved a loan for M / s AHPL to build a hotel. Gehlot was accused of diverting the money through a network of mailbox companies in consultation with bank officials, and as a result, Gehlot was accused of participating in a criminal conspiracy with other defendants to fraudulently divert the loan amount by diverting the funds to the repayment of the loan other group companies as well as making time deposits and diversions. of materials to other Ambience Group projects.
Lead defense attorney Vikas Pahwa and defense attorney Tanveer Ahmad Mir appeared in court on Gehlot’s behalf, while central government permanent defense attorney Amit Mahajan and special counsel Naveen Kumar Matta appeared in court for ED.
ED requested 14 days of judicial custody, arguing that custody was necessary to discover other beneficiaries, and Gehlot had to face the data extracted from the digital devices he owned.
As a result, Gehlot was detained by the ED until August 5.