New Delhi: The CBI has booked Group CEO of Air Asia Tony Fernandes for allegedly trying to manipulate government policies through corrupt means to get international licence for its Indian venture Air Asia India Limited, officials said on Tuesday.
Along with Fernandes, Tharumalingam Kanagalingam also known as Bo Lingam, former Deputy Group CEO of Malaysia-based Air Asia Berhad, and R Venkataramanan, Director Air Asia India Ltd, Bengaluru besides companies Air Asia India Pvt Ltd and Air Asia Berhad have also been named as accused in the case.
"The case has been registered under 120-B (criminal conspiracy) under the IPC and sections 13(2) read with 13 (1) (d) of the Prevention of Corruption Act. The searches took place at five locations in Delhi NCR, Mumbai and Bengaluru," CBI spokesperson R K Gaur said here today.
The agency has alleged that Venkataramanan was lobbying in the government to secure mandatory approvals, some of them through "non-transparent means", including the then Foreign Investment Promotion Board (FIPB) clearance, No Objection Certificate and the attempt for removal or modification of 5/20 rule.
It is alleged that to be eligible for international operations, the company was required to have five years of experience and fleet of 20 aircraft as per 5/20 rule.
The company is yet to get international flying permit as it currently has only 18 aircraft, they said.
Fernandes wanted it to fly internationally from the day of getting flying permit granted in May, 2014, it alleged.
29/05/18 PTI/Times of India
To Read the News in full at Source, Click the Headline
Along with Fernandes, Tharumalingam Kanagalingam also known as Bo Lingam, former Deputy Group CEO of Malaysia-based Air Asia Berhad, and R Venkataramanan, Director Air Asia India Ltd, Bengaluru besides companies Air Asia India Pvt Ltd and Air Asia Berhad have also been named as accused in the case.
"The case has been registered under 120-B (criminal conspiracy) under the IPC and sections 13(2) read with 13 (1) (d) of the Prevention of Corruption Act. The searches took place at five locations in Delhi NCR, Mumbai and Bengaluru," CBI spokesperson R K Gaur said here today.
The agency has alleged that Venkataramanan was lobbying in the government to secure mandatory approvals, some of them through "non-transparent means", including the then Foreign Investment Promotion Board (FIPB) clearance, No Objection Certificate and the attempt for removal or modification of 5/20 rule.
It is alleged that to be eligible for international operations, the company was required to have five years of experience and fleet of 20 aircraft as per 5/20 rule.
The company is yet to get international flying permit as it currently has only 18 aircraft, they said.
Fernandes wanted it to fly internationally from the day of getting flying permit granted in May, 2014, it alleged.
29/05/18 PTI/Times of India
0 comments:
Post a Comment