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  • Swiss bank accounts: ED seizes Rs 10.28 crore assets of ex-MD of Emaar MGF

    Swiss bank accounts: ED seizes Rs 10.28 crore assets of ex-MD of Emaar MGF

    ED said on Saturday it has seized assets worth Rs 10.28 crore of Shravan Gupta, former MD of realty major Emaar MGF, in connection with its FEMA probe in the HSBC black money list unearthed a few years ago. The ED said it has seized an agricultural land worth over Rs 10.27 crore in Delhi's Bijwasan area as an equivalent amount of the asset held abroad.

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