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ED Raids Office and Residence of GVK Chairman

GVK ED Raid

ED on Tuesday has conducted extensive search operation at residence and office premises of GVK group Chairman GVK Reddy and his son GV Sanjay Reddy in Mumbai and Hyderabad in connection with the Rs 705 Crore Mumbai airport scam.

As per the reports, searches are underway at about nine locations in Hyderabad and Mumbai.

The case is related to allegations of irregularities amounting to Rs 705 crore in developing Mumbai Airport. The investigative agency alleged that the money was siphoned off by the accused, causing a loss to the exchequer between 2012 and 2018.

Sources in the ED indicated that the people connected with the case would be summoned and quizzed in the coming weeks.

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