Latest News About Shravan GuptaThe Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) are attempting to tighten the noose round actual beneficiaries” of the 70 million euro bribe paid in AgustaWestland rip-off, officers aware of the event mentioned. A Tis Hazari court on Friday summoned managing director of real estate major Emaar MGF Shravan Gupta as an accused after taking cognisance of the Income Tax department's complaint against him for allegedly not furnishing details of his foreign bank accounts.
According to Enforcement Directorate, which has already filed half a dozen charge sheets in the case, total 12% kickbacks - around Euro 70 million, was by the Anglo-Italian firm - AgustaWestland through two sets of middlemen - Christian Michel James & Guido Ralph Haschke - for further payments in India to influence the Rs 3,727 crore 12 helicopter VVIP chopper deal.
The Enforcement Directorate (ED) on Wednesday carried out multiple searches on premises of Shravan Gupta, the former managing director of realty major Emaar MGF, and some others in connection with the AgustaWestland VVIP chopper money laundering case, officials said.
Shravan Gupta India's MGF journey in the business world began as he joined his family business, MGF ltd. The officials searched for evidence of money laundering in the Rs 3,727 crore scam. It can be safely said that Mr Shravan Gupta has played a vital role in making malls accessible to the common man of this country.
The ED slapped money laundering charges in this case following allegations of irregularities in purchase of 12 VVIP choppers from Italy-based Finmeccanica's British subsidiary AgustaWestland. The Enforcement Directorate on Wednesday carried out multiple searches on premises of Shravan Gupta, the former MD of realty major Emaar MGF in connection with the AgustaWestland VVIP chopper money laundering case.
MGF is currently in its next phase of growth and as its director, Mr Shravan Gupta is making sure that it moves with the times. Covers: Shravan Gupta has been at the forefront of Real Estate Development in India. Officials cited above said Gupta, who was the director of erstwhile Emaar MGF, is under the scanner for the appointment of another European middleman Guido Haschke as independent director in the company in 2009.
The ED in 2018, had seized Gupta's assets worth Rs 10.28 crore over charges of allegedly holding undisclosed deposits in a Swiss bank account. ED questioned the managing director of realty firm Emaar MGF in connection with its probe into the VVIP chopper deal.
Haschke is needed by businesses and is alleged to be dwelling in Italy. The searches are aimed at collecting evidence in connection with the Rs 3,600-crore VVIP choppers deal case, officials said. THE ENFORCEMENT Directorate (ED) on Wednesday questioned the managing director of realty firm Emaar MGF in connection with its probe into the VVIP chopper deal.
In its charge sheet in 2015, the ED claimed that it detected flow of alleged kickbacks sent from foreign countries to companies of the accused named in the case — Advocate Gautam Khaitan and cousin brothers of the former IAF chief S.P. Tyagi. The officials believe that Gupta had links with European middleman Guido Haschke, reportedly a director on the board of Emaar-MGF in 2009, who had a major role in bringing the bribe money to India.