Thursday, November 26, 2015

CBI raid at Thiruvananthapuram airport; misappropriation of Rs 14 cr found

Thiruvananthapuram: The CBI conducted a raid at Airport Authority of India office at Thiruvananthapuram and is learnt to have detected misappropriation of funds to the tune of Rs 14 crore.

The raid which was held on Tuesday was kept as a top secret and he airport officials were not ready to divulge any details of the raid. The raid which began in the wee hours of Tuesday ended in the midnight and the CBI officials is learnt to have confiscated several records from the office.

The CBI sources said that it was closely monitoring activities of the Thiruvananthapuram airport and the raid was part of the evasion of payment of royalty to the Airport Authority of India by the agency which is handling the ground handling at the Thiruvananthapuram airport. The agencies are required to pay a certain percentage of their monthly gross turn over (GTO) as royalty charges to AAI.
25/11/15 G Rajiv/Times of India
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