Learn About Shravan GuptaThe Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) try to tighten the noose spherical actual beneficiaries” of the 70 million euro bribe paid in AgustaWestland rip-off, officers conscious of the event mentioned. The property have been seized beneath Half 37A (1) of Worldwide Change Administration Act (FEMA) from brothers Shravan Gupta and Rajiv Gupta for holding USD 15,40,650 inside the checking account maintained with Hong Kong and Shanghai Banking Firm (HSBC), Switzerland,” ED had mentioned in an announcement.
New Delhi: Tightening its noose round Emaar MGF Director Shravan Gupta, the Enforcement Directorate (ED) on Wednesday carried out searches at seven location in Delhi and Gurugram in reference to its probe into the Rs three,600-crore AgustaWestland case.
The ED had then alleged that Shravan Gupta had not shown this quantity within the Income Tax (I-T) returns for the interval of 2006-07 nevertheless, the same quantity was mirrored 5 years later and acceptable taxes had been paid. The officials said that Gupta's premises were searched to look for evidence of money laundering in the Rs three,727 crore scam The motion is being taken under the Prevention of Cash Laundering Act (PMLA), they added.
The Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) try to tighten the noose around real beneficiaries” of the 70 million euro bribe paid in AgustaWestland scam, officials aware of the event mentioned. The Enforcement Directorate right this moment questioned the Managing Director of realty firm Emaar MGF in connection with its probe within the Rs 3,600 crore VVIP choppers deal.
The agency, in 2018, seized belongings price Rs 10.28 crore of Gupta on fees of he allegedly holding undisclosed deposits in a Swiss bank account. Led by Shravan Gupta, TTG is a 4 many years outdated firm offering travel services starting from leisure, company travel, MICE, visa, and many others.
In line with ED, which has already filed half a dozen chargesheets in the case, complete 12 per cent kickbacks - round Euro 70 tens of millions, was by the Anglo-Italian agency - AgustaWestland via 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.
Shravan Gupta, Executive Director - Leisure Businesses, FCM Travel Solutions India (the Indian arm of Flight Centre Travel Group, Australia) said, Over the previous few years, Surat has grown to grow to be one of the quickest growing cities in the nation with always rising journey demands of two to three trips in a 12 months per family.
Shravan Gupta, a promoter of the actual estate agency MGF Developments, is thought for bringing a number of the largest overseas direct investments (FDI) in India via the joint venture with Dubai-based mostly Emaar. The ED is investigating alleged kickbacks acquired by quite a few politicians and bureaucrats by way of private companies, businessmen and middlemen within the chopper deal.
As a accountable a corporate, Emaar India will cooperate with any authorities company, the spokesperson mentioned. ED has issued summons to Shravan Gupta, promoter of MGF — a joint venture Shravan Gupta India of Emaar MGF — asking him to look for questioning in three days. Sources say, accused Gautam Khaitan and Guido Haschke have been board members of Emaar MGF in 2009.