{"id":361007,"date":"2020-07-03T11:31:45","date_gmt":"2020-07-03T06:01:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=361007"},"modified":"2020-07-03T11:58:08","modified_gmt":"2020-07-03T06:28:08","slug":"gvk-promoter-duo-in-trouble","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gvk-promoter-duo-in-trouble\/","title":{"rendered":"GVK promoter duo in trouble"},"content":{"rendered":"<p>The Central Bureau of Investigation (CBI) has booked Venkata Krishna Reddy Gunupati, the chairman of the GVK group of companies, and his son G. V. Sanjay Reddy, the managing director of Mumbai International Airport Ltd (MIAL), nine other companies and unidentified AAI officials for alleged irregularities worth Rs 705 crore. <\/p>\n<p>The case pertains to the alleged siphoning off of Rs 705 crore from the funds of MIAL, a joint venture under public-private partnership (PPP) between GVK Airport Holdings and the Airports Authority of India (AAI), besides other investors, by showing inflated expenditure, under-reporting revenues and fudging records.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bureau of Investigation (CBI) has booked Venkata Krishna Reddy Gunupati, the chairman of the GVK group of companies, and his son G. V. Sanjay Reddy, the managing director of Mumbai International Airport Ltd (MIAL), nine other companies and unidentified AAI officials for alleged irregularities worth Rs 705 crore. The case pertains to the alleged siphoning off of Rs 705 crore from the funds of MIAL, a joint venture under public-private partnership (PPP) between GVK Airport Holdings and the Airports Authority of India (AAI), besides other investors, by showing inflated expenditure, under-reporting revenues and fudging records.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216,130,148],"tags":[],"class_list":["post-361007","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=361007"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361007\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=361007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=361007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=361007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}