India News | CBI Books GVK Group Chairman, Son for Siphoning off over Rs 700 Cr from Mumbai Int Airport Ltd
Get latest articles and stories on India at LatestLY. The CBI has booked Venkata Krishna Reddy Gunupati, chairman of the GVK Group of Companies and his son G V Sanjay Reddy, Managing Director of Mumbai International Airport Ltd, among others for alleged irregularities to the tune of Rs 705 crore in running of the airport, officials said.
New Delhi, Jul 2 (PTI) The CBI has booked Venkata Krishna Reddy Gunupati, chairman of the GVK Group of Companies and his son G V Sanjay Reddy, Managing Director of Mumbai International Airport Ltd, among others for alleged irregularities to the tune of Rs 705 crore in running of the airport, officials said.
Airports Authority of India (AAI) Ltd had formed a Joint Venture with GVK Airports Holdings Limited, promoted by GVK group under public private partnership firm Mumbai International Airport Ltd (MIAL) for upgradation and maintenance of Mumbai Airport.
On April 4, 2006 AAI entered into an agreement with MIAL for modernisation, upkeep, operation and maintenance of Mumbai airport.
It is alleged that promoters of GVK group in MIAL in connivance with their executives and unidentified officials of AAI resorted to siphoning off funds using different ways, officials said on Wednesday.
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The agency has alleged that they siphoned off funds showing execution of bogus work contracts to nine companies in 2017-18 causing a loss of Rs 310 crore.
The promoters of GVK group allegedly misused reserve funds of MIAL to the tune of Rs 395 crore to finance their group companies, the CBI has alleged.
The agency has alleged that the group inflated expenditure figures of MIAL by showing payments to employees at their headquarters and group companies who were not involved in the running of MIAL, causing a revenue loss to AAI, they said.
The promoters allegedly under-reported revenue earnings of MIAL by entering into contracts with related parties and meeting their personal and family expenses using MIAL funds, they said.
Besides GVK group chairman, the CBI has also booked his son GV Sanjay Reddy who is Managing Director of MIAL, companies MIAL, GVK Airport Holdings Ltd, nine other private companies and unidentified officials of AAI, they said. PTI ABS SRY RDM RDM 07020940 NNNN assertion of a missed test.”
Some of Coleman's earlier missed tests were not with the AIU but with the U.S. Anti-Doping Agency, whose own handbook for athletes says phone calls are usually reserved only for the last five minutes of a time slot and “to confirm the unavailability of the athlete, not to locate an athlete for testing.”
Athletes are required to list their whereabouts for an hour each day when they must be available to be tested. A violation means an athlete either did not fill out forms telling authorities where they could be found, or that they weren't where they said they would be when testers arrived.
Coleman said in his post he has been appealing the latest missed test for six months with the AIU, which runs the anti-doping program for World Athletics. He explained there was no record of anyone coming to his home and that if he had been called he was only five minutes away.
It's the second time Coleman has faced a potential ban for a whereabouts violation. Coleman won the 100 meters at the world championships in Doha, Qatar, last September after the U.S. Anti-Doping Agency dropped his case for missed tests because of a technicality.
“I have never and will never use performance enhancing supplements or drugs,” Coleman wrote Tuesday.
“I am willing to take a drug test EVERY single day for the rest of my career for all I care to prove my innocence.” After winning the gold medal in Doha, Coleman said he needed to be more careful to keep track of his whereabouts.
“I haven't been careless. I think I can just be more mature about it, more diligent about updating the app. But I mean, I think everybody in this room is not perfect. Everybody has made mistakes,” he said.
“Going forward, I just try to do a better job about being more diligent about it.”
Coleman is the latest in a string of runners hit with whereabouts charges in 2020.
The AIU filed a similar charge this month against women's 400-meter world champion Salwa Eid Naser of Bahrain. She was already under investigation when she won gold in Doha last year in the fastest time since 1985.
Former U.S. national 200 champion Deajah Stevens was suspended in May. (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)