Gabriels Weblog

Site Relating To All Sorts Of Things

Emaar MGF's Shravan Gupta

The 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.
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.

Shravan Gupta Arrest Warrant Hyderabad from Shravan Gupta on Vimeo.

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.
Shravan Gupta's MGF journey in the business world began as he joined his family business, MGF ltd. The officials searched for evidence of money laundering in the Rs 3,727 crore scam. It can be safely said that Mr Shravan Gupta has played a vital role in making malls accessible to the common man of this country.

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.
Other than the mall, Shravan Gupta MGF Group has been at the forefront of the real estate development in India. This led him to decide to diversify the company into the real estate sector as well. Reach out directly with real-time validated email and phone numbers, and take it to the next step by creating personal and reusable email templates that integrate with your existing email provider.
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.
Despite all the success in the world of real estate development, Mr Shravan Gupta has remained grounded. The money, ED has said, was quid pro quo to make the company eligible for the contract of AW-101 helicopters in 2010. Shravan Gupta, who's already being investigated in different instances by the monetary probe company, in keeping with a high authorities official, illegally acquired the cash within the AgustaWestland deal”.

Go Back