BUSINESS
ED registers case in Mumbai airport scam, charges of misappropriation of 805 crore
The Enforcement Directorate has named GVK Group Chairman G Venkata Krishna Reddy, Mumbai International Airport Limited Managing Director GV Sanjay Reddy, Airport Authority of India and 9 other private firms. These people are accused of making a mess of 805 crores rupees.
- ED filed a case in airport scam
- Money laundering case against GVK group
The Enforcement Directorate has filed a case in the Rs. 805 crore scam at Mumbai Airport. The Enforcement Directorate has registered a case of money laundering against the GVK group.In this case, the Enforcement Directorate has named GVK Group Chairman G Venkata Krishna Reddy, Mumbai International Airport Limited Managing Director GV Sanjay Reddy, Airport Authority of India and 9 other private firms. These people are accused of making a mess of 805 crores rupees.
805 crore rigging charges
According to the ED, the accused manipulated Rs 805 crore and lobbed so much money, causing a loss of Rs 805 crore to the state exchequer.
Mumbai Airport was responsible for GVK Group
Explain that the central government had given the responsibility to manage, operate and develop Mumbai Airport to GVK Group. The deal was signed on 4 April 2006. It is alleged that the GVK Group has fraudulently charged government funds of Rs 805 crore.
CBI is investigating the case
The CBI is also investigating this case. The CBI has registered and raided an FIR in this case. When the CBI started investigating the case, the case opened up. CBI investigation found that crores of crores of rupees have been lost in making 200 acres of government land around the airport to be made into a good hotel or mall.
