Pinky, the daughter of senior politician Dr. T Subbarami Reddy, who became the daughter-in-law of GVK Reddy, went officially from being T Aparna Reddy before marriage to G Aparna Reddy. This the second time in as many years that GVK group is facing scrutiny over Mumbai airport. Jain believes “he has done tremendous work to ensure that two of the projects (the hydro and thermal projects) have gone on stream. The GVK group had entered into a partnership with a company which was owned by relatives, family members and employees, which also used up funds of the MIAL, further booking a train, air travel tickets and hotel booking for personal interest as well as for group employees of the GVK … He was part of the team that successfully bid for the `16,000-crore Navi Mumbai International Airport project earlier this year and also helped in GVK’s exit from the Kempegowda International Airport Bengaluru (KIAB). Ace of Club: How Mahindra Holidays & Resorts rode the Covid storm, US startups struggling to hire when times are tough, News by Numbers: How Indian singles look to mingle in 2021. Benchmarks . The GVK promoters also used MIAL funds to book air tickets and hotel stays for family members. Sanjay Reddy on allegations that funds of over Rs 805 crore were siphoned off from the Mumbai airport by various means, including bogus work contracts, inflated expenses and under reported revenue. Since these firms were provided with the spaces at low-cost, the FIR mentions that it has consequently impacted the … The FIR further alleges that GVK Group connived with family members/relatives and employees to give undue monetary advantage to them and to cause a loss to the AAI. From Shubman Gill to Rishabh Pant, young turks of India's historic cricket win in Australia. Since these firms were provided with the spaces at low-cost, the FIR mentions that it has consequently impacted the … “The company (GVK) entered into an agreement with a company owned by family members to book train/air travel tickets and hotel booking for all the personal as well as the group employees of GVK who are not connected with the affairs of MIAL. From 2012, GVK Group allegedly misused reserve funds of MIAL to the tune of Rs 395 crore to finance their group companies. Netflix will no longer borrow, ending its run of debt, The next Tesla? Keshav Reddy, son of GVK’s Vice-chairman Sanjay Reddy, will wed his fiancée Veena Reddy, daughter of the pharma tycoon Chinnappa Reddy, on January 29 in Hyderabad. Dr Reddy is a philanthropist and a keen supporter of India’s budding sporting talent. Hyderabad: The Central Bureau of Investigation has booked a case against Hyderabad based GVK group’s chairman’s G Venkata Krishna Reddy and his son G Sanjay Reddy for allegedly siphoning off Rs 705 Crore. The court asked for a bond deposit of Rs 15,000 along with sureties that the four members of the Reddy family will regularly attend court hearings before granting the conditional bail. “Lifetime Achievement Award” at the 6th EPC World Awards, 2017 for a contribution toward  infrastructure and construction sectors. The Central Bureau of Investigation (CBI) has registered a case against the GVK Group – the company that runs the Mumbai airport – its chairman Dr GVK Reddy, his son GV Sanjay Reddy and several other companies for alleged irregularities worth over Rs 705 crore in the development of Mumbai airport, officials familiar with the developments said. Is government's frenzy for world's largest vaccination programme misplaced? The wedding was attended by Ram Charan and his wife Upasana, Pinky Reddy and other family members attended the grand wedding ceremony. The lenders together have an exposure of about Rs 5,200 crore and are believed to have asked the Reddy family to … Nifty 13,113.75 4.7. This has also led to panic among the lenders of GVK Airport Holdings, which include Yes Bank, ICICI Bank, HDFC and Goldman Sachs. RK Jain, CEO of the GVK-owned Mumbai International Airport and a 10-year company veteran, believes that Keshav’s involvement in the company’s exit from the Bengaluru airport, “was a very good initiation for him to constructively contribute in the negotiations and the concurrent back office work involving the legal and financial teams”. Join Facebook to connect with Reddy Gvk and others you may know. The Enforcement Directorate, on Tuesday, filed a case under Prevention of Money Laundering Act against GVK Group, it's chairman Dr GVK Reddy, Sanjay Reddy, officials of Airport Authority of India Limited and the Mumbai International Airport Limited. Trouble seems to be mounting for the GVK Group with the Central Bureau of Investigations (CBI) on Wednesday registering a case against GVK Group Chairman G.V.K. He was instrumental in making GVK the largest private airport operator in India, by owning, developing and operating the Mumbai and Bengaluru airports, which handles over 50 million passengers per year. Reddy, a graduate in industrial and operations engineering from the University of Michigan, US, has been involved in corporate finance and business development. This the second time in as many years that GVK group is facing scrutiny over Mumbai airport. It’s the rise of the third generation at GVK Power and Infrastructure. Adani Trans 419.20 40.25. ‘Lifetime Achievement Award’ at the ‘Realty Plus Conclave & Excellence Awards- South 2017’. “Lifetime Achievement Award” at the Construction Times Annual Awards, 2017. He also heads GVK EMRI, Corporate Social Responsibility initiatives of GVK. In a live interview with a media channel, the daughter of an industrialist has shared her lockdown experience. This is an emergency response services provider under a Public-Private Partnership model spread across 15 states and two UTs of India. It is also said that premium retail areas of the airport have been assigned to companies that are run by family members, relatives, or employees of GVK. The promoters of the GVK Group also misused the funds of the MIAL by entering into agreements with a company owned by family members… “The projects that I am currently working on are of high value for the company and its sustainability,” Reddy tells Forbes India. New Delhi, Jul 1 (PTI) The CBI has booked Venkata Krishna Reddy Gunupati, the 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 on Wednesday. GVK Reddy’s wife Indira Reddy takes care of the group’s hotel business—they co-own 5 Taj Properties. The wedding has been completely a private affair and it was attended by close family members and friends. Gunapati Venkata Krishna Reddy (born in 22 March 1937) is the founder and Chairman of GVK, a business conglomerate with a predominant focus on infrastructure development.He also heads GVK EMRI, Corporate Social Responsibility initiatives of GVK. Trouble seems to be mounting for the GVK Group with the Central Bureau of Investigations (CBI) on Wednesday registering a case against GVK Group Chairman G.V.K. 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