GVK Group founder G V Krishna Reddy is facing his biggest test yet as the Central Bureau of Investigation (CBI) has accused him of siphoning off Rs 705 crore from Mumbai airport’s funds. This comes at a time when the GVK Group is already fighting multiple battles.
It is trying to stave off Adani Group’s entry as a shareholder in the Mumbai airport project. Rating agency CRISIL and Maharashtra government’s City and Industrial Development Corporation (Cidco), which owns 26 per cent in the Navi Mumbai airport along with GVK Group, have separately flagged off ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
Copyrights © 2020 Business Standard Private Ltd. All rights reserved.
