Emaar MGF's 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. According to ED, which has already filed half a dozen chargesheets in the case, total 12 per cent kickbacks - around Euro 70 millions, was by the Anglo-Italian firm - AgustaWestland through two sets of middlemen - Christian Michel James and Guido Ralph Haschke - for further payments in India to influence the Rs 3,727 crore 12 helicopter VVIP chopper deal.
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.
NEW DELHI: 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.
After Shravan Gupta graduation from Sri Ram College of Commerce, University of Delhi, he went on to join the family business. The Enforcement Directorate on Wednesday conducted searches at seven locations linked to businessman Shravan Gupta in connection AgustaWestland VVIP chopper deal case.
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.
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.
In partnership with Khushi, a committed NGO in India, Mr Shravan Gupta 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. ED which has been probing the money laundering angle in the case, has summoned cousins of Tyagi after his round of questioning is over besides realty firm Emaar MGF's boss Shravan Gupta.
Emaar MGF had earlier denied any business links” with Kanishka Singh, and said Haschke was an independent director for an extremely brief period”. Dwellers of the erstwhile enclaves in Cooch Behar will vote for the first time on Thursday, marking another giant leap in their absorption into India after nearly seven decades of stateless existence.
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.