The Central Bureau of Investigation (CBI) has filed an FIR against Gurugram’s Ambience Mall owner Raj Singh Gehlot in a fraud case of over Rs 289 crore involving the Jammu & Kashmir Bank. Along with Raj Singh Gehlot, some bank officials have been put under investigation for allegedly conspiring to defraud public money.According to the FIR, a copy of which is available with India Today, the Anti-Corruption Bureau (ACB) verified the allegations that the officials of J&K Bank’s Ansal Plaza branch in New Delhi had issued loans worth hundreds of crores of rupees in the name of Raj Singh Gehlot’s firm, Aman Hospitality Private Limited.Later, with the connivance of the firm and bank officials, the loan amount was declared a non-performing asset (NPA) to facilitate a one-time settlement for providing an advantage to the firm.Aman Hospitality Private Limited, officials said, obtained a term loan worth Rs 227 crore. He had acquired Rs 15 crore as bank guarantee limit while availing the rest of the loan amount from the J&K Bank against the mortgage of a project land, measuring 20,000 square metres. The project included building a five-star deluxe hotel complex in Delhi’s Shahdara.J&K 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.“J&K 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,” said CBI officials.
