Friday, April 21, 2017

Enforcement Directorate issues second summons to AirAsia India's ex-CEO Mittu Chandilya in FEMA case

The Mumbai Zonal Office of Enforcement Directorate (ED) has issued second summons to Mittu Chandilya, former CEO and Managing Director of AirAsia India. The first summons had returned back to ED due to Chandilya's non-availability at the given address.

"This time, the summons has been sent on his personal email id, under FEMA. He is outside India. Till today, there is no response from Chandilya whether he would be coming to India and face the investigation", a source from the agency said.

The ED is investigating the allegations made by the former Chairman of Tata Group Cyrus Mistry that fraudulent transactions of Rs 22 crore were carried out by the airline.

It has also been alleged that out of Rs 22 crore, a transaction of Rs 12 crore were made to a Singapore firm, which needs to be probed.

Beside remaining present before the Mumbai office, the agency has also sought case related documents, bank account details of last five years, details of personal finance and others, from Chandilya.
20/04/17 India Today