Shravan Gupta 2020The 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. In accordance with ED, which has already filed half a dozen chargesheets within the case, complete 12 per cent kickbacks - round Euro 70 thousands and thousands, was by the Anglo-Italian agency - AgustaWestland by means of two units of middlemen - Christian Michel James and Guido Ralph Haschke - for additional funds in India to affect the Rs 3,727 crore 12 helicopter VVIP chopper deal.
It also questioned advocate and former board member of Aeromatrix Gautam Khaitan, who is named in the CBI FIR as one of the accused in the case and has been chargesheeted by ED for laundering bribe money on behalf of the alleged middlemen in the deal.
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.
The ED also alleged that a part of the kickbacks allegedly paid to influential people and politicians was parked in a company related to Gupta, and that the money was meant Shravan Gupta business to swing the contract in favour of AgustaWestland. The searches are aimed at collecting evidence in connection with the Rs 3,600-crore VVIP choppers deal case, they said.
Shravan Gupta, a promoter of the real estate firm MGF Developments, is known for bringing some of the largest foreign direct investments (FDI) in India through the joint venture with Dubai-based Emaar. The new board members appointed by the company are nominees of Emaar, the spokesperson said.
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.
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.
He requested the court to recall the non-bailable warrant promising that he would personally appear before the investigating agency and the court on all future dates. Shravan Gupta was grilled by the ED in the case in 2016 to prove his purported links with Guido Haschke, an alleged middleman in this case.
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.