CBI books GVK Group chairman, son for siphoning off over Rs 700 cr from Mumbai Int Airport Ltd
The CBI has booked Venkata Krishna Reddy Gunupati, chairman of the GVK Group of Companies and his son G.V. Sanjay Reddy, managing director of Mumbai International Airport Ltd, among others for alleged irregularities to the tune of Rs 705 crore in running of the airport, officials said.
Airports Authority of India (AAI) Ltd had formed a Joint Venture with GVK Airports Holdings Limited, promoted by GVK group under public private partnership firm Mumbai International Airport Ltd (MIAL) for upgradation and maintenance of Mumbai Airport.
On April 4, 2006 AAI entered into an agreement with MIAL for modernisation, upkeep, operation and maintenance of Mumbai airport.
