Friday, January 06, 2017

CBI examines suspicious transactions of Rs 22 crore involving AirAsia

CBI is examining the alleged suspicious transactions of Rs 22 crore involving non-existent entities in India and Singapore in AirAsia, a matter already being probed by Enforcement Directorate, even as the airline said it was ready to cooperate with the agency if approached.

CBI sources said the agency is scrutinising material about the allegations and a final call to register a preliminary enquiry or an FIR will be taken once a prima facie case is made out. In 2013, Tata Sons had joined hands with Malaysian carrier AirAsia and Arun Bhatia's Telestra Tradeplace to start low cost carrier AirAsia India. The carrier had to wait for nine months before taking off.

In September 2013, Tata Group had joined hands with Singapore Airlines to start a new full-service airline in India, 18 years after a failed attempt. Tata Sons owned 51% stake in the carrier, which has been christened as Vistara, with Singapore Airlines holding the rest.
06/01/17 PTI/DNA
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