Whistleblower alleges siphoning of funds from MIAL; GVK gets MCA notice
The GVK Group, which is in locked in a legal battle with the Adani Group on stake sale in its flagship Mumbai International Airport (MIAL), on Tuesday said it has received a notice from the corporate affairs ministry (MCA), seeking some details about the airport operator.
The group is resisting the Adanis’ bid to buy out the 13.5 percent stake being held by its South African JV partner Bidvest in MIAL. The issue is with the Bombay High Court.
The Hyderabad-based infrastructure major, which has interest in power, coal mines and aviation among others, however, denied that other group companies have also received notices from the ministry.
