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.
ED
had pressed Section 3 of the Prevention of Money Laundering Act (PMLA), which
deals with concealing proceeds of a crime where the accused shall be guilty of
money laundering.
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