Sunday, November 06, 2016

AirAsia India ex-CEO charged personal costs to firm: Report

Mumbai: A forensic investigation into AirAsia (India)’s accounts has revealed that the airline’s flamboyant former Chief Executive Officer (CEO) Mittu Chandilya had charged his personal expenses to the company.

While Mr. Chandilya, a former model, cleared some of his bills, the balance was cleared by his boss AirAsia Berhad CEO Tony Fernandes, according to a forensic report prepared by Deloitte Touche Tohmatsu India.

“Mittu’s personal expenditure was routed through and was charged to Air Asia (India) Ltd (AAIL). In total, expenses charged to the company amounted to Rs.1.63 crore,” according to the report.
Bills toward his family travel, stay and personal expenses were reimbursed by the company. His car lease, appointment of two drivers, road tax for personal vehicles, purchase of designer clothes, furniture and purchases of iPhones were also charged to the company, according to the report. It said Mr. Fernandes had approved expense claims of Rs.48 lakh.

“Other expenses such as that of the drivers, car lease, purchase of clothes were directly approved by Mr. Mittu.”
06/11/16 Lalatendu Mishra/The Hindu

0 Comments: