Information Associated With 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. 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.
Shravan Gupta, Executive Director – Leisure Businesses, FCM Travel Solutions India (the Indian arm of Flight Centre Travel Group, Australia) said, Over the last few years, Surat has grown to become one of the fastest developing cities in the country with constantly rising travel demands of two to three trips in a year per household.

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.
Earlier, in a separate case pertaining to forex exchange violation, Enforcement Directorate had seized Gupta’s assets worth Rs 10.28 crore in 2018 for allegedly holding undisclosed deposits in a Swiss bank account. In 2018, the ED had seized assets worth Rs 102.8 million linked to Emaar MGF Managing Director Shravan Gupta under Foreign Exchange Management Act.

According to The Indian Express report , Emaar MGF’s managing director Shravan Gupta was questioned in connection with the choppers scam and about funds that Emaar MGF reportedly received from Mauritius. The ED had then alleged that Shravan Gupta had not shown this amount in the Income Tax (I-T) returns for the period of 2006-07 however, the same amount was reflected 5 years later and appropriate taxes were paid.
MGF is currently in its next phase of growth and as its director, Mr Shravan Gupta is making sure that it moves with the times. Covers: Shravan Gupta has been at the forefront of Real Estate Development in India. Officials cited above said Gupta, who was the director of erstwhile Emaar MGF, is under the scanner for the appointment of another European middleman Guido Haschke as independent director in the company in 2009.
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.

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.
As part of the restructuring, Dubai’s realty major Emaar would take control of the company’s ongoing projects to ensure completion of those projects at the earliest. The blaze destroyed most documents seized in raids at Emaar, which found it concealing an income of more than Rs 230 crore.