Emaar MD seeks MBW recall citing health issues
Shravan Gupta, managing director (MD) of Emaar MGF, one of the India’s leading real estate developers, has moved a ‘recall’ of the non-bailable arrest warrant petition in the CBI court as the court issued a lookout notice to him.
The petition states that Gupta, one of the accused in the Emaar case, is unable to travel due to a serious health issue, who is currently residing in United Kingdom.
The petition also states that Gupta was not responsible for the day-to-day affairs of the company.
The petition also said that the CBI had argued in court that Gupta was aware of the allotments of villas in Emaar Properties project and he also had knowledge about the cash details which was collected regarding the project.
However, the petition contended it as wrong and that Gupta could not be forced to accept something which he was not aware of.
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Source: The Times of India
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