CBI registers case against GVK Group Chairman, son for irregularities in Mumbai Airport development
The Central Bureau of Investigation (CBI) has registered a case against GVK Group Chairman GVK Reddy and his son GV Sanjay Reddy, MIAL’s Vice-Chairman and Managing Director, for committing irregularities in Mumbai Airport development. In the FIR, the CBI stated Rs 805 crore was siphoned off from the Mumbai International Airport Limited (MIAL). The investigating agency alleged that fraud was committed by colluding with executives and officials of the Airports Authority of India (AAI). The CBI report says that funds were siphoned off by showing execution of bogus work contracts.