Petition alleges fraud in BIAL’s implementation
In the counter filed in April, 2008, BIAL stated that it had invested Rs.2470 crore on the project and its concessionaires like hoteliers had invested about Rs.2000 crore. By accepting the counter filed by BIAL, the court had refused to stay the closure of HAL airport.
Interestingly, the annual returns of the BIAL, details of which were gathered by the petitioner, show that the total investment for the airport project was Rs.1700 crore.
The petitioner further submitted that the claim of other concessionaires like hoteliers having invested about Rs.2,800 crore within the airport hub had not been substantiated in the annual returns filed by BIAL. “BIAL is not only misleading the court but also misleading the public at large by taking into possession a vast land in Devanahalli,” the petitioner argued.
Source: Expres Buzz
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