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

The Enforcement Directorate (ED) on Tuesday led broad pursuit tasks at the living arrangement and office premises of GVK bunch Chairman G V K Reddy and his child G V Sanjay Reddy in Mumbai and Hyderabad, regarding the supposed Rs 705-crore Mumbai air terminal trick.
The move follows the tax evasion argument enrolled against the advertisers of the GVK gathering of organizations, authorities of Mumbai International Airport Ltd (MIAL), and a couple of different substances early this month.
Affirming the turn of events, an ED official said the pursuits are in progress in around nine areas in Hyderabad and Mumbai, including some passage administrators associated with the MIAL.
ED had squeezed Section 3 of the Prevention of Money Laundering Act (PMLA), which manages covering continues of a wrongdoing where the blamed will be liable for illegal tax avoidance.
The ED activity follows the criminal case enrolled by the Central Bureau of Investigation (CBI) on June 27 against Reddys and others. The case likewise incorporates the names of certain Airports Authority of India (AAI) authorities and nine other private firms.
The case is identified with charges of abnormalities adding up to Rs 705 crore in creating Mumbai Airport. The analytical organization claimed that the cash was redirected by the denounced, making a misfortune the exchequer somewhere in the range of 2012 and 2018.

Sources in the ED showed that the individuals associated with the case would be gathered and tested in the coming weeks.