{"id":378379,"date":"2020-10-14T13:35:14","date_gmt":"2020-10-14T08:05:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=378379"},"modified":"2020-10-14T13:53:42","modified_gmt":"2020-10-14T08:23:42","slug":"pg-46-gvk-airport-business-exit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pg-46-gvk-airport-business-exit\/","title":{"rendered":"GVK Airport Business Exit"},"content":{"rendered":"<p>State Bank of India (SBI), Axis Bank and Canara Bank, along with a few others, have red-flagged GVK group-promoted Mumbai International Airport (MIAL) as a fraud account. They have appointed Deloitte to conduct a forensic audit of MIAL.<\/p>\n<p>The CBI in July 2020 had charged the GVK group promoters with siphoning off Rs 705 crore. The agency had accused them of causing a loss of Rs 310 crore to the exchequer by entering into fake work contracts. <\/p>\n<p><a href=\"https:\/\/livemedia.press\/product-category\/subscribe-il\/?v=56b5fbba0fe8\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\" alignright\" src=\"http:\/\/telecomlive.in\/web\/wp-content\/uploads\/2015\/05\/read-more.gif\" alt=\"http:\/\/telecomlive.in\/web\/wp-content\/uploads\/2015\/05\/read-more.gif\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State Bank of India (SBI), Axis Bank and Canara Bank, along with a few others, have red-flagged GVK group-promoted Mumbai International Airport (MIAL) as a fraud account. They have appointed Deloitte to conduct a forensic audit of MIAL. The CBI in July 2020 had charged the GVK group promoters with siphoning off Rs 705 crore. The agency had accused them of causing a loss of Rs 310 crore to the exchequer by entering into fake work contracts. &nbsp;<\/p>\n","protected":false},"author":1,"featured_media":378380,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[119],"tags":[],"class_list":["post-378379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazinenews"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378379","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=378379"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media\/378380"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=378379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=378379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=378379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}