Information Associated With 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. They said Gupta, whose statement was recorded under provisions of the Prevention of Money Laundering Act (PMLA), was also questioned about business links” with Rahul Gandhi's aide Kanishka Singh and sale of two shops to the Congress vice-president in a shopping mall in south Delhi in 2005.
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.
On significant delays in its ongoing projects and buyers protest, Emaar MGF said: "We would further like to submit that under the leadership of Emaar, the key focus of the company presently is to fast track development of the ongoing projects." The management would ensure that the international best practices of Emaar will be implemented in the projects of the company and the quality of the developments will be of Emaar's international standards.
In the deal, bribes were allegedly paid to middlemen and others. In partnership with Khushi, a committed NGO in India, Shravan Gupta India and his company supports the education of underprivileged children and have so far been responsible for shaping the lives of hundreds of families through its initiatives.
The investigating agency, under the Prevention of Money Laundering Act (PMLA), searched Gupta's premises for evidence of money laundering in the Rs 3,727 crore scam. Shravan Gupta, Executive Director - Leisure Businesses, FCM Travel Solutions, said, Travel Tours has a strong brand equity and heritage in large parts of the country.
According to sources, Gupta also told the agency that he was friends with Khaitan and that's how he was introduced to Hachke, who was appointed to the board along with other independent directors. Gupta or his spokesperson could not be located for comments by HT. An email sent to MGF remained unanswered.
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.
Gupta or his spokesperson couldn't be positioned for feedback by HT. An e-mail despatched to MGF remained unanswered. The ED had then alleged that Shravan Gupta had not proven this quantity within the Revenue Tax (I-T) returns for the interval of 2006-07 nonetheless, the identical quantity was mirrored 5 years later and applicable taxes have been paid.
Tightening its noose around Emaar MGF Director Shravan Gupta, the Enforcement Directorate (ED) on Wednesday carried out searches at seven location in Delhi and Gurugram in connection with its probe into the Rs 3,600-crore AgustaWestland case. Wednesday's raids on the premises of realty firm MGF MD Shravan Gupta by the Enforcement Directorate were focused at money trail, which moved through several companies over a period of time, they said.