Mumbai airport scam: ED files case against GVK Group chairman
Tue, Jul 07, 2020, 04:54 PM
The Enforcement Directorate has now registered a money laundering case against GVK Group Chairman GVK Reddy and his son GV Sanjay Reddy, MIAL’s Vice-Chairman and Managing Director. The ED alleged that around Rs 805 crore was siphoned off by the accused resulting in a loss to the public exchequer. This fraud took place between 2012 and 2018.
The CBI already registered an FIR against GVK Reddy, Sanjay Reddy, executives and officials of the Airports Authority of India (AAI). In the FIR, the investigating agency alleged that the GVK Group committed fraud by colluding with the AAI officials.