The Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) are trying to tighten the noose spherical actual beneficiaries” of the 70 million euro bribe paid in AgustaWestland rip-off, officers aware of the occasion mentioned. The Enforcement Directorate on Wednesday conducted searches in some locations linked to Shravan Gupta, the previous managing director of Emmar MGF, and others in connection with the AgustaWestland VVIP helicopter deal case, according to a senior company official.
Apart from the mall, Shravan Gupta MGF Group has been on the forefront of the true estate growth in India. The Enforcement Directorate on Wednesday carried out searches at seven locations linked to businessman Shravan Gupta in connection AgustaWestland VVIP chopper deal case.



Emaar India, a part of Dubai-primarily based realty major Emaar Properties, has appointed Prashant Gupta as CEO to strengthen its enterprise. The ED had then alleged that Shravan Gupta had not confirmed this amount throughout the Income Tax (I-T) returns for the interval of 2006-07 nonetheless, the identical amount was mirrored 5 years later and applicable taxes have been paid.
The ED lodged the money laundering case following alleged irregularities in buy of 12 VVIP choppers from Italy-primarily based Finmeccanica's British subsidiary AgustaWestland. In partnership with Khushi, a committed NGO in India, Shravan Gupta and his company helps the training of underprivileged children and have up to now been accountable for shaping the lives of a whole bunch of families by its initiatives.
The money, ED has stated, was quid pro quo to make the corporate eligible for the contract of AW-one hundred and one helicopters in 2010. Led by Shravan Gupta, TTG is a 4 a long time previous firm offering travel services ranging from leisure, corporate travel, MICE, visa, and many others.

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,forty,650 throughout the checking account maintained with Hong Kong and Shanghai Banking Firm (HSBC), Switzerland,” ED had mentioned in an announcement.
The Enforcement Directorate on Wednesday conducted searches in some areas linked to Shravan Gupta, the previous managing director of Emmar MGF, and others in connection with the AgustaWestland VVIP helicopter deal case, according to a senior agency official.
Earlier, in a separate case pertaining to forex exchange violation, ED had seized Gupta's property value Rs 10.28 crore in 2018 for allegedly holding undisclosed deposits in a Swiss bank account Shravan Gupta. Gupta is as of late the promoter of realty firm MGF. Haschke was an independent director of the realty firm between September and December in 2009.

ED has issued summons to Shravan Gupta, promoter of MGF — a joint venture of Emaar MGF — asking him to seem for questioning in three days. The searches are aimed at gathering proof in connection with the Rs 3,600-crore VVIP choppers deal case, they stated.
Shravan Gupta, Govt Director - Leisure Companies, FCM Travel Options, mentioned, Travel Excursions has a robust brand fairness and heritage in large elements of the country. Haschke was as soon as reportedly a director on the board of Emaar-MGF in 2009. Shravan Gupta, who is already being investigated in different instances by the financial probe company, in line with a prime authorities official, illegally acquired the money within the AgustaWestland deal”.