Court grants bail to former Mumbai airport MD in ‘money-laundering’ case
A special court here on Wednesday granted bail to G V Sanjay Reddy, former managing director of the Mumbai airport, and six other accused in an alleged Rs 500 crore money laundering case.
In its charge sheet filed in May 2021, the Enforcement Directorate (ED) had named 21 accused including the GVK Group, Mumbai International Airport Ltd (MIAL) and its then managing director Sanjay Reddy.
The case pertained to alleged laundering of Rs 500 crore through fictitious transactions to carry out further development of the international airport’s terminus T-2.
The special court for Prevention of Money Laundering Act (PMLA) cases here took cognizance of the charge sheet recently and issued summons to the accused who appeared on Wednesday.
