Mumbai airport scam: ED searches GVK promoters' residences, offices



The Enforcement Directorate (ED) on Tuesday conducted extensive search operations at the residence and office premises of GVK group Chairman G V K Reddy and his son G V Sanjay Reddy in Mumbai and Hyderabad, in connection with the alleged Rs 705-crore Mumbai airport scam.

The move follows the money laundering case registered against the promoters of the GVK group of companies, officials of Mumbai International Airport Ltd (MIAL), and a few other entities early this month.

Confirming the development, an ED official said the searches are underway in about nine locations in Hyderabad and Mumbai, including some entry operators connected to the MIAL. Read More

Comments

Popular posts from this blog

Budgeting Myths Busted: 7 Common Misconceptions Revealed

India to test 100-yr-old vaccine on adults as war on Covid-19 hots up

Top 10 best finance movies to binge on your long weekend