PMLA court grants bail to GVK, MIAL, ex-MD, others

Mumbai: A special PMLA court on Wednesday granted bail to seven accused in a money laundering case involving Mumbai International Airport Ltd (MIAL). They were summoned after court issued process against those named in Enforcement Directorate’s chargesheet against GVK group of companies, MIAL and its then managing director, G V Sanjay Reddy along with six others.

Advocates Vijay Aggarwal and Rahul Agarwal had submitted bail pleas. The defence argued that the accused cooperated with investigations and have not been arrested during investigations. The prosecution opposed the plea.

Reddy and the others were in court. The court said they were to be released on furnishing a bond of Rs 5 lakh each.