#1 Explained | GVK पर Mumbai Airport के रखरखाव में करोड़ों का घपले का आरोप | AAI

The Central Bureau of Investigation has registered a case against G Venkata Krishna Reddy, the chairperson of the GVK Group of Companies, for allegedly siphoning off Rs 805 crore from the Mumbai International Airport.The case also names his son GV Sanjay Reddy, who is the managing director of the Mumbai airport, and nine other private companies and unidentified officials of the Airports Authority of India. CBI alleged that the accused had siphoned off Rs 310 crore by showing execution of bogus work contracts with nine other private companies. The promoters of GVK group allegedly misused reserve funds of MIAL to the tune of Rs 395 crore to finance their group companies.