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. 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.
A court on Thursday turned down the Central Bureau of Investigation's request to send Shravan Gupta, Managing Director of Emaar MGF, to jail and instead kept in abeyance the non-bailable warrant (NBW) pending against him for non-appearance in Emaar township scam till August 28.



Gupta was summoned and questioned by the ED in 2016 after his named cropped up during investigation.According to ED officials, it was found that alleged middleman Guido Haschke was an independent director of Gupta''s firm between September and December 2009.
Shravan Gupta is under scanner for the appointment of Guido Haschke, another European middleman as the director of the company in 2009. THE ENFORCEMENT Directorate (ED) on Wednesday questioned the managing director of realty firm Emaar MGF in connection with its probe into the VVIP chopper deal.

The premises of businessman Shravan Gupta and six other places were raided by the Enforcement Directorate (ED) on Wednesday in connection with the VVIP chopper scam, officials said. Haschke is needed by businesses and is alleged to be dwelling in Italy. 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.
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.

Emaar MGF Land, which has filed a demerger scheme in the Delhi High Court to give effect to the restructuring process, has elevated company's Chief Financial officer (CFO) Sanjay Malhotra as acting CEO. 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.
The ED slapped money laundering charges in this case following allegations of irregularities in purchase of 12 VVIP choppers from Italy-based Finmeccanica's British subsidiary AgustaWestland. Shravan Gupta, a promoter of the actual property agency MGF Developments, is understood for bringing a few of the largest overseas direct investments (FDI) in India by way of the three way partnership with Dubai-based Emaar.
The ED further alleged that a part of the kickbacks allegedly paid to influential people and politicians was parked in a company related to Gupta. The BJP levelled fresh accusations at the previous UPA government in Rajya Sabha q uoting the letter written by the alleged primary middleman Christian Michel in the choppers deal.

After the officials of CBI and ED got some leads, they raided the places of Shravan Gupta business and few other people on Wednesday. Mr. Shravan Gupta's decision changed the whole game of the mall business. The Enforcement Directorate today questioned the Managing Director of realty firm Emaar MGF in connection with its probe in the Rs 3,600 crore VVIP choppers deal.