Tuesday, May 30, 2017

CBI registers enquiry to probe Air India-Indian Airlines merger

The Central Bureau of Investigation (CBI) on Monday instituted a preliminary enquiry to probe into issues related to the merger of Air India and Indian Airlines.
The agency alleged that the merger of the two state-owned airlines in 2011 has resulted in the loss of thousands of crores of rupees to the national exchequer.
Three FIRs were also registered by the CBI to investigate the purchase of 111 aircraft, leasing of planes and why the flagship carrier gave up profit-making routes to private airlines inspite of being in huge debt.
CBI spokesperson R K Gaur said the FIRs have been registered for offences of criminal conspiracy and corruption against unidentified officials of the civil aviation ministry and Air India .
Earlier in January, the Supreme Court had asked the CBI to investigate alleged irregularities in the purchase and leasing of aircraft by Air India between 2004 and 2008 when the Congress-led UPA was in office. The allegations made in a PIL filed by activist-lawyer Prashant Bhushan included allotment of routes to private airlines at the expense of the national carrier.
A bench led by CJI JS Khehar had directed CBI to hand in its probe report by June 2017.
29/05/17 Times of India