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ED books fraud case against GVK group and others

On Tuesday, the Enforcement Directorate (ED) booked a money laundering case against GVK Group’s chairman, G V K Reddy, his son, G V Sanjay Reddy and others. They have been booked for alleged irregularities of over Rs. 800 crores in developing Mumbai airport. They have been charged under Section 3 of the Prevention of Money Laundering Act, based on CBI’s FIR registered on June 27. The FIR has named 13 people including GVK Reddy and his son, Mumbai International Airport Limited (MIAL) and other companies. CBI had searched the group’s premises in Mumbai and Hyderabad last week.

Read More – Hindustan Times | Business Standard | The Hindu

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Shrutika Kasar
Shrutika Pradeep Kasar Journalist Writer music lover