New Delhi: Security agencies are conducting a background checking of new owner of SpiceJet, Ajay Singh, after he infused a fund of Rs 500 crore in the beleaguered air carrier and announced plans to invest Rs 1,500 crore.
The Home Ministry ordered a background check of Singh as part of the standard protocol of verifying antecedents of a potential investor, sources of funds and whether the promoter has any links with any unlawful activities or criminal gangs.
The request for background check of the new owner of the SpiceJet came from the Civil Aviation Ministry.
11/03/15 PTI/Economic Times
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The Home Ministry ordered a background check of Singh as part of the standard protocol of verifying antecedents of a potential investor, sources of funds and whether the promoter has any links with any unlawful activities or criminal gangs.
The request for background check of the new owner of the SpiceJet came from the Civil Aviation Ministry.
11/03/15 PTI/Economic Times
