ED lodges money laundering case in Mumbai Airport Scam; CBI to send out summons to accused

After Central Bureau of Investigation (CBI), Enforcement Directorate (ED) has registered a money laundering case against GVK group and Mumbai International Airport Limited (MIAL). case was registered over weekend. Sources within ncy say that based on predicate offence registered by CBI, ED has registered an Enforcement Case Information Report (ECIR) – an FIR equivalent – under various sections of Prevention of Money Laundering Act.

Unlike CBI, ED hasn’t carried out searches in this case. “We have gone through certain documentation in this case. Summons in case will be sent out at an appropriate time,” said a source within ncy. According to CBI, over Rs 705 crore was siphoned off by accused persons in case “resulting in a loss to public exchequer between 2012-18.”

CBI FIR, accessed by Republic TV, res, “ promoters of GVK group in connivance with unkwn officials from Airport Authority of India (AAI) opted various means to divert funds meant for modernisation, upgration, operation and maintenance of Mumbai airport through ir joint venture company (JVC) Mumbai International Airport Limited.“

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CBI has registered case against GVK Group Chairman Sanjay Reddy and MIAL Managing Director GV Sanjay Reddy. A total of 14 individuals and entities have been booked by CBI. ED’s ECIR includes same accused. CBI will soon be sending out summons to those who have been named as an accused in FIR.

After FIR was registered, CBI conducted searches on July 1 in Mumbai and Hyderab. ncy suspects that accused used shell / bogus companies to divert funds. ncy alleges that MIAL entered into fake contracts with bogus companies which resulted in losses to exchequer. ncy maintains that funds were also embezzled by raising fake bills.

After FIR was registered, MIAL h issued a statement, which re, “We would have provided every assistance h ncy sought explanation or any document even if a preliminary inquiry h been initiated. MIAL is a transparent and responsible corporate entity that is committed to cooperating with ncy in its investigation to arrive at truth”.

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