Mumbai Airport Scam: Probe Agency Files Money Laundering Case Against GVK Group, MIAL

New Delhi:

The Enforcement Directorate (ED) has filed a cash laundering case in opposition to the GVK workforce, the Mumbai Global Airport Restricted (MIAL) and others to probe alleged irregularities to the music of Rs 705 crore in operating the Mumbai airport, officers mentioned on Tuesday.

The central probe company has filed an enforcement case data document (an identical of a police FIR) below the Prevention of Cash Laundering Act after learning a contemporary Central Bureau of Investigation (CBI) FIR filed in opposition to the similar entities.

The ED will probe if authentic finances have been laundered to accumulate private belongings by way of unlawful routing of finances, they mentioned.

The CBI case relates to the alleged siphoning off Rs 705 crore from the finances of the Mumbai Global Airport Restricted (MIAL), a three way partnership below public-private partnership (PPP) between the GVK Airport Holdings Restricted and the Airports Authority of India (AAI) but even so different traders, by way of appearing inflated expenditure, under-reporting of revenues, fudging of data amongst others

The CBI has charged Gunupati, a director in MIAL, his son GV Sanjay Reddy, managing director in MIAL, the corporations MIAL, GVK Airport Holdings Restricted (a GVK workforce corporate) and 9 different inner most firms allegedly used to camouflage the inflated figures via sham offers and unidentified AAI officers, they added.

On April four, 2006, the AAI entered into an settlement with MIAL for the modernisation, repairs, operation and upkeep of the Mumbai airport.

It’s alleged that the promoters of the GVK workforce in MIAL, in connivance with their executives and unidentified AAI officers, resorted to siphoning off finances the use of other ways, the CBI had mentioned early this month.

The CBI had additionally performed raids in Mumbai and Hyderabad after submitting its FIR.