The Execution Department in 2018 seized assets valued at Rs 10.28 crore from Shravan Gupta
New Delhi:
The Directorate of Law Enforcement (ED) carried out several searches on Wednesday at the premises of Shravan Gupta, the former director general of the major real estate Emmar MGF, as well as other people in the context of the laundering case of money by AgustaWestland VVIP chopper, officials said.
Raids are being carried out in nine locations in Delhi, Gurgaon and a few other places in the National Capital Region, they said.
The research aims to gather evidence in the case of the VVIP Rs 3,600 crore choppers, they said.
The action is being taken under the Prevention of Money Laundering Law (PMLA), officials said.
Shravan Gupta was burned by the ED in the case in 2016 to prove his alleged links with Guido Haschke, an alleged intermediary in the case. Haschke was an independent director of the real estate company between September and December 2009.
Officials said the new action against the businessman came after certain revelations made by the other defendants in the case and new evidence obtained by the agency.
The ED filed a complaint for money laundering following alleged irregularities in the purchase of 12 VVIP choppers from the British subsidiary of Finmeccanica, based in Italy, AgustaWestland. The agreement was abandoned by India in 2014.
The agency, in 2018, seized assets worth 10.28 crore rupees from Shravan Gupta for allegedly holding undisclosed deposits in a Swiss bank account.
