New Delhi, July 7
The Enforcement Directorate (ED) has filed a cash laundering case in opposition to the GVK group, the Mumbai International Airport Limited (MIAL) and others to probe alleged irregularities to the tune of Rs 705 crore in working the Mumbai airport, officers stated on Tuesday.
The central probe company has filed an enforcement case info report (equal of a police FIR) below the Prevention of Money Laundering Act after finding out a current CBI FIR filed in opposition to the identical entities.
The ED will probe if real funds had been laundered to amass private belongings by unlawful routing of funds, they stated.
The CBI case pertains to the alleged siphoning off Rs 705 crore from the funds of the Mumbai International Airport Limited (MIAL), a three way partnership below public-private partnership (PPP) between the GVK Airport Holdings Limited and the Airports Authority of India (AAI) apart from different traders, by exhibiting inflated expenditure, under-reporting of revenues, fudging of information amongst others. The Central Bureau of Investigation (CBI) has booked Gunupati, a director in MIAL, his son GV Sanjay Reddy, managing director in MIAL, the businesses MIAL, GVK Airport Holdings Limited (a GVK group firm) and 9 different non-public firms allegedly used to camouflage the inflated figures by sham offers and unidentified AAI officers, they added.
On April 4, 2006, the AAI entered into an settlement with MIAL for the modernisation, repairs, operation and upkeep of the Mumbai airport. It is alleged that the promoters of the GVK group in MIAL, in connivance with their executives and unidentified AAI officers, resorted to siphoning off funds utilizing other ways, the CBI had stated early this month. The CBI had additionally carried out raids in Mumbai and Hyderabad after submitting its FIR. PTI