According to the ED, a probe had shown that the GBS was established in 2006 and was linked to Naik. In his statement recorded on March 28, 2018, Sathak told the ED that GBS maintained a strict, ethical standard for all its programmes as well as advertisements.
Special Judge Arvind Kumar refused to grant the relief to Gupta whose judicial custody expires on Saturday and an order is yet to be passed on it. He was arrested by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA).
It was a series of investigative reports by Pubby in The Indian Express in 2012-13 that first brought the alleged irregularities in the AgustaWestland deal into the public domain. These prompted a probe that led to the cancellation in 2014.
The ED has claimed that Talwar had created a web of entities owned by him and his family members in India and international offshore havens, to launder the Rs 272 crores received from foreign airlines.
The penalty and confiscation action has been taken under the Foreign Exchange Management Act (FEMA) and three people - Mohd Ayub Mir, Bechh Raj Bengani and Harbans Singh - have been charged under it, the agency said in a statement.