NEW DELHI – In a significant legal victory, Raj Singh Gehlot, the promoter of the Ambience Group, has been discharged by the Patiala House Court in a high-profile money laundering case. The case, which revolved around alleged bank loan fraud involving the construction of the Ambience Hotel in Shahdara, Delhi, has been ongoing since July 2021.
Gehlot’s legal team successfully argued that the Enforcement Directorate’s (ED) evidence was insufficient to establish a prima facie case under the Prevention of Money Laundering Act (PMLA). This led the court to dismiss the charges against him, marking a pivotal moment in the protracted legal battle.
The ED had alleged that Gehlot and his associates had siphoned off over Rs 800 crore through a complex web of companies. However, the court’s decision indicates that these allegations were not substantiated by sufficient evidence. Gehlot, who was arrested by the ED in July 2021 and granted regular bail in April 2023, maintained his innocence throughout the proceedings.
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This verdict is a significant victory for Gehlot and the Ambience Group, as it clears their names of any wrongdoing. The case highlights the importance of due process and the need for robust evidence in criminal proceedings. Gehlot’s legal team, comprising Tanveer Ahmed Mir, Shikhar Sharma, Vaibhav Suri, and others, played a crucial role in securing this outcome. Their diligent arguments and evidence presentation ultimately led the court to dismiss the charges against their client.
With this verdict, Gehlot can now focus on his business ventures without the burden of these allegations. The Ambience Group can also continue its operations without the stigma of being associated with money laundering charges.
This decision underscores the necessity of thorough and substantiated evidence in legal proceedings, reaffirming the principle that justice must be based on concrete proof.