One moreover telugu industrialist in scam

[MiryalgudaMaruthiRao]

another teddy scam?

[caesar]

1 minute ago, MiryalgudaMaruthiRao said:

another teddy scam?

It's natural antunaa thokaaas......decaan chronicleeee enkataa raaami reedddyy also saame Samee.....anthaa thokaaley

[hyperbole]

i think it is more of a trap/conspiracy involved from the higher ups in center. mumbai airport contract is worth 30 thousand crores and they snatched the contract under the nose of some big names like anil ambani, adani group etc. GVK has 75% stake in the new airport like GMR in hyderabad 

i think  there is some level of conspiracy involved to take the contract back. last month they were asked to prove they can handle the project and now they hit them to cripple them further

[No_body_friends]

57 minutes ago, tom bhayya said:

no oka company nundi inko company loki transferred with fake invoices and contracts 

calling @jaglaq @jaglaqq for details 

ilantivi pavuram tho pettina vidya jaganala saar ki

[MiryalgudaMaruthiRao]

1 minute ago, No_body_friends said:

calling @jaglaq @jaglaqq for details 

ilantivi pavuram tho pettina vidya jaganala saar ki

andukena 16 months jail ki velladu

[jaglaqq]

7 minutes ago, No_body_friends said:

calling @jaglaq @jaglaqq for details 

ilantivi pavuram tho pettina vidya jaganala saar ki

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 for allegedly siphoning off funds meant for the development of Mumbai airport.

It is understood that the Airport Authority of India 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.  

According to the FIR, the GVK group through their joint venture company, siphoned off money to the tune of Rs 705 crore that was meant for the Mumbai airport development project.

 

The FIR has mentioned the names of 14 individuals and entities including GVK Airport Holding Ltd, MIAL, GVK group chairman GVK Reddy, his son and some officials of the Airport Authority. 

The accused have been booked under various sections of the Indian Penal Code (IPC) for cheating, criminal conspiracy and forgery and those of the Prevention of Corruption Act.

The FIR states that the funds were siphoned off by using bogus work contracts, misusing surplus funds of MIAL, inflating the company's expenses, and under-reporting revenue.

According to the FIR, the accused floated bogus companies to which contracts were awarded by MIAL in 2017.

“MIAL entered into fake contracts with nine companies on the pretext of real estate development causing a loss of Rs 310 crores to the exchequer. These companies also availed bogus Input Tax Credit (ITC) by raising fake invoices,” the FIR states. 

These companies were - Aishwaryagiri Construction Pvt Ltd, Kotia Enterprises Ltd, SBK Trade & Infrastructure, Subhash Infra, Aqua Tech Solutions, MV Omni Projects, Richa Industries, Nice Projects and Aditi Infrabuild for real estate development, the agency said. 

The FIR also states that GVK group misused funds by creating FDRs in Hyderabad based branches of other nationalised banks and availed loans/ OD facilities and used these funds for the benefit of the GVK group companies at the expense of JVC MIAL causing wrongful loss to AAI.

From 2012, GVK Group allegedly misused reserve funds of MIAL to the tune of Rs 395 crore to finance their group companies, according to the FIR.

[yoda123]

its not 'survival of fittest any more' it is 'survival of fakest'

[snoww]

1 hour ago, caesar said:

It's natural antunaa thokaaas......decaan chronicleeee enkataa raaami reedddyy also saame Samee.....anthaa thokaaley

ilanti vaagudu ke @Migilindi23 

[hunkyfunky]

1 hour ago, hyperbole said:

i think it is more of a trap/conspiracy involved from the higher ups in center. mumbai airport contract is worth 30 thousand crores and they snatched the contract under the nose of some big names like anil ambani, adani group etc. GVK has 75% stake in the new airport like GMR in hyderabad 

i think  there is some level of conspiracy involved to take the contract back. last month they were asked to prove they can handle the project and now they hit them to cripple them further

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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This!

GVK, GMR - 2 Telugu companies bagging all 4 major airports is something they couldn't digest...

These accounting practices are excuse to get rid of them

[Android_Halwa]

kotha airport katanika paisal jama chestunademo 

[Silverado]

Pichi pinkyyy over greediness caused this

[Silverado]

Adani thokesadu ivanni pichi matalu they have huge debt In banks,so naturally they use false methods to raise money

But this won't go any further ankunta,ipati daka interrogation kuda pilavaledu

[VenkyBabu]

4 hours ago, MiryalgudaMaruthiRao said:

another teddy scam?

Dongaladhantha oke caste ... dhochukune caste ... satyam ramalingaraju,, gvk, sujana thinnava ra , rayapati, jagga andhari caste adhe