The Enforcement Directorate (ED) has filed a money-laundering lawsuit against the GVK group, Mumbai International Airport Limited (MIAL) and others, to investigate suspected ₹705 crore irregularities in the management of Mumbai airport, officials said on Tuesday.
The central investigative authority has submitted a report on enforcement cases (equivalent to a police FIR) under the Money Laundering Act after investigating a recent CBI-FIR filed against the same agencies.
The ED will check to see if real money has been laundered to accumulate personal assets through the illegal transfer of funds, they said.
The CBI case relates to the alleged withdrawal of ₹705 crores from Mumbai International Airport Limited (MIAL). The MIAL is a joint venture under a public-private partnership (PPP) between GVK Airport Holdings Limited and the Airports Authority of India (AAI)) in addition to other investors, among other things through excessive expenditure, underreporting of earnings and falsification of records.
The Central Bureau of Investigation (CBI) has booked Gunupati, a director of MIAL, his son GV Sanjay Reddy, managing director of MIAL, the companies MIAL, GVK Airport Holdings Limited (a company of the GVK group) and nine other private companies that are said to have They were used earlier that the inflated numbers were disguised by bogus shops and unidentified AAI officials.
On April 4, 2006, AAI entered into an agreement with MIAL to modernize, maintain, operate and maintain Mumbai Airport.
It is alleged that the GVK Group’s sponsors in MIAL, in agreement with their executives and unidentified AAI officials, have withdrawn funds in different ways, the CBI said earlier this month.
The CBI had also raided Mumbai and Hyderabad after submitting its FIR.
(With input from PTI)