Tuesday, March 07, 2017

ED summons former AirAsia India CEO Mittu Chandilya

The Enforcement Directorate on Monday issued summons to former AirAsia India chief executive Mittu Chandliya for questioning in a case related to alleged violation of certain provisions of Foreign Exchange Management Act.

According to ET Now the agency that works under department of revenue of finance ministry has given two weeks’ time to Chandilya to appear before it and take questions.

It was alleged that back in 2013, AirAsia India with Chandilya at its helms signed deals with Singapore-based HNR Trading, Link Media. For the deal with HNR, Chandilya allegedly paid Rs 22 crore to fictitious entities in Singapore, in violation of FEMA rules.

Chandilya had joined AirAsia India back in 2013. The no-frills carrier was a joint venture between Malaysia-based AirAsia Berhad, Telestra and India's Tata Sons.
06/03/17 The Asian Age

0 Comments: