Mumbai: The Central Bureau of Investigation (CBI) on Thursday registered a case against Dr G. Venkata Krishna (GVK) Reddy, chairman of the GVK Group of companies, and his son G.V. Sanjay Reddy, the managing director of Mumbai International Airport Ltd (MIAL), and few others, for alleged irregularities worth Rs 705 crore in the running of the airport.
The agency also carried out searches at the offices of the GVK group in Mumbai and Hyderabad. The Enforcement Directorate (ED) is also likely to charge promoters of the GVK Group for alleged money laundering.
According to the First Information Report filed by the CBI, the promoters of the GVK Group allegedly under-reported the revenue earnings of MIAL by entering into contracts with related parties and meeting their personal and family expenses using the funds of Mumbai airport.
