Shravan Gupta 2020The 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. New Delhi, Jun 24 (PTI) The Enforcement Directorate (ED) on Wednesday carried out multiple searches on premises of Shravan Gupta, the former managing director of realty major Emmar MGF, and some others in connection with the AgustaWestland VVIP chopper money laundering case, officials said.
A court on Thursday turned down the Central Bureau of Investigation's request to send Shravan Gupta, Managing Director of Emaar MGF, to jail and instead kept in abeyance the non-bailable warrant (NBW) pending against him for non-appearance in Emaar township scam till August 28.
Realty firm Emaar MGF's Executive Vice Chairman & Managing Director Shravan Gupta has resigned from the post after the two joint venture partners - Dubai-based Emaar Properties and India's MGF Development - decided to part ways and restructure the company's business.
The Enforcement Directorate on Wednesday carried out a number of searches on premises of Shravan Gupta, the previous MD of realty main Emaar MGF in reference to the AgustaWestland VVIP chopper cash laundering case. The ED further alleged that a part of the kickbacks allegedly paid to influential people and politicians was parked in a company related to Gupta.
Shravan Gupta MGF journey in the business world began as he joined his family business, MGF ltd. CBI has questioned a top official of Emaar MGF in connection with the multi-crore land scam in Hyderabad allegedly involving the builder. The proceedings had gained momentum when the court on November 12 took cognisance of the prosecution initiated by the department against Dabur India director Pradip Burman, one of the seven businessmen named by the department before Supreme Court.
CBI sources said N V Tyagi was part of a team of senior officials who were involved in the deliberations to change the technical specifications of the VVIP helicopters. The Enforcement Directorate today questioned the Managing Director of realty firm Emaar MGF in connection with its probe in the Rs 3,600 crore VVIP choppers deal.
Gupta is former managing director of real estate company Emaar MGF. The Italian judge who delivered the verdict said there was no direct evidence” linking any Indian politician with alleged kickbacks to swing the deal in favour of the helicopter firm. Wednesday's raids on the premises of realty firm MGF MD Shravan Gupta by the ED were focused at money trail, which moved through several companies over a period of time, they said.
The Enforcement Directorate & the CBI are trying to tighten the noose around real beneficiaries” of the 70 million euro bribe paid in AgustaWestland scam, officials familiar with the development said. The agency, in 2018, seized assets worth Rs 10.28 crore of Shravan Gupta on charges of he allegedly holding undisclosed deposits in a Swiss bank account.
Gupta or his spokesperson could not be located for comments by the news agency. Separately, the court ordered CBI to return five cars seized from former Karnataka Minister Gali Janardhan Reddy in the Obulapuram Mining Company case. As a responsible a corporate, Emaar India will cooperate with any government agency, the spokesperson said.