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 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.


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.
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.

The Dubai real estate developer entered India 10 years ago with an investment of more than Rs 7,500 crore in joint venture Emaar MGF Land Ltd. In the year 1997, MGF group, the afore-mentioned family business diversified into the field of real estate. To this day, Mr. Shravan Gupta continues to shine in whatever he does and with that remains an inspiration for all the budding entrepreneurs out there who are just starting out.
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.
The ED in 2018, had seized Gupta's assets worth Rs 10.28 crore over charges of allegedly holding undisclosed deposits in a Swiss bank account. ED questioned the managing director of realty firm Emaar MGF in connection with its probe into the VVIP chopper deal.

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.
Emaar India, part of Dubai-based realty major Emaar Properties, has appointed Prashant Gupta as CEO to strengthen its business. The money, Enforcement Directorate has said, was quid pro quo to make the company eligible for the contract of AW-101 helicopters in 2010.

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