Mumbai airport scam: ED conducts searches at GVK Group’s 9 offices including Hyd

28-07-2020 Tue 13:02

The Enforcement Directorate (ED) on Tuesday raided the nine offices of the GVK Group located in Mumbai, Delhi, Bengaluru, Hyderabad, and in other cities in a money laundering case registered against GVK Group Chairman GVK Reddy and his son GV Sanjay Reddy, MIAL’s Vice-Chairman and Managing Director. The ED in its FIR alleged that around Rs 805 crore was siphoned off from the Mumbai International Airport Limited by the accused resulting in a loss to the public exchequer. This fraud took place between 2012 and 2018. The CBI already registered cases against the 9 associate companies of the GVK Group including Orbit Travels.

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