The Latest Videos About 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.
The agency in its chargesheet, claimed that Emaar MGF Land Ltd under Chief Executive Srikant Joshi and Managing Director Gupta, did not fix the price of the plots according to the market rate and that some of the plots were blocked through fictitious companies so that they could be sold at a premium.
A Tis Hazari court on Friday summoned managing director of real estate major Emaar MGF Shravan Gupta as an accused after taking cognisance of the Income Tax department's complaint against him for allegedly not furnishing details of his foreign bank accounts.
As the matter was coming up before the trial court on 24 March, 2015, the personal appearance of the petitioner was exempted till the order is pronounced by this Court. Emaar Properties, which entered India in 2005 with largest FDI in the realty sector, has invested about Rs 8,500 crore in Indian real estate market through its JV firm.
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. Shravan Gupta — : Get all the latest news and updates on Shravan Gupta only on Read all news including political news, current affairs and news headlines online on Shravan Gupta today.
Officials cited above said Gupta, who was the director of erstwhile Emaar MGF, is under the scanner for appointment of another European middleman Guido Haschke as independent director in the company in 2009. The family business involved financial services for their company MGF, Motor and General Finance Ltd.
A special CBI court here today directed Emaar MGF Land Managing Director Shravan Gupta to appear before the central probe agency from tomorrow till September 6. Other than the mall, Shravan Gupta MGF Group has been at the forefront of the real estate development in India.
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. 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.
Mr Shravan Gupta is an entrepreneur who is not only helping our nation become more modernised every day, but he is also the entrepreneur who understands his social responsibility and takes steps accordingly. Shravan Gupta realized that he had a penchant for business.
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. This decision by Mr. Shravan Gupta changed the whole game of the mall business.