AAI hands over Mangaluru airport to Adani group on lease for 50 years
New Delhi: The Airports Authority of India (AAI) on Friday midnight handed over the Mangaluru airport to the Adani group on lease for a period of 50 years, according to an official statement.
The central government in February 2019 had privatized six major airports of the country -- Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. After a competitive bidding process, the Adani group won the rights to run all of them.
"In accordance to concession agreement executed on February 14, 2020, AAI handed over handling of Mangaluru @aaimlrairport to @AdaniOnline on lease for 50 yrs. Exchange of symbolic key held at midnight 00:00 hrs on October 30, 2020," the AAI said on Twitter on Saturday.
The AAI had signed concession agreements with the Adani group on February 14 for operations, management, and development of the Mangaluru, Lucknow, and Ahmedabad airports.
On October 22, the AAI had said in a press release that the Adani group would be taking over the airports at Mangaluru, Lucknow, and Ahmedabad by October 31, November 2, and November 11, respectively.
The concession agreements for the other three airports -- Jaipur, Guwahati, and Thiruvananthapuram -- were signed between both the parties in September.
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Belagavi: Owner of Shivam Associates held for running illegal investment scheme
Belagavi: City Police Commissioner Bushan Borase has said that Shivanand Neelannavar, owner of Shivam Associates, has been taken into custody for having violated Reserve Bank of India (RBI) rules by running an unauthorized transaction scheme and getting thousands of people to deposit money.
The police registered an FIR on Friday night and questioned Neelannavar, who is also suspected to be involved in money laundering, in the case.
On Thursday evening, Assistant Commissioner Shravan Nayak, accompanied by officials of the Cooperation Department, conducted a preliminary investigation that followed a search of about 24 hours at the offices of Shivanand Neelannavar, owner of Shivam Associates. The operation is said to have been conducted under directions of Deputy Commissioner Mohammad Roshan.
The officials held the raid over allegations of a money-circulation racket, and reportedly seized important financial documents from the office of Shivam Associates. Preliminary findings suggested that about 5,000 investors were made to invest nearly Rs 4,600 crore through pyramid-style scheme. Documents related to the financial transactions were seized from an apartment and two offices of Shivam Associates for further scrutiny.
AC Nayak is said to have submitted a detailed preliminary report on the probe to the DC on Friday, sources said, and senior officials of the Crime Investigation Department (CID) are expected to take over the case soon.
Statements made by Shivananda Neelannavar, a native of Unkal, Hubballi, at a recent event in Kadur went viral on social media. He was seen declaring that he had built a big empire and, having 15,000 guns, was not afraid of anyone. It is learned that he had said that, if needed, he would also show up as CM in 2028.
The viral video is learned to have drawn the attention of the authorities to Shivam Associates and led them to conduct the raid.
