Thursday, June 07, 2018

AirAsia CEO Tony Fernandes gives CBI summons a slip

Mumbai: AirAsia Berhad's global CEO Tony Fernandes didn't turn up Wednesday in response to summons by the Central Bureau of Investigation (CBI), which has named him and some of his peers in AirAsia India in an FIR.
"We will now issue fresh summons to Fernandes," the spokesman at the federal probe agency told ET Wednesday. He didn't elaborate whether Fernandes or his lawyers have cited any reason for his absence.
This came a day after AirAsia issued a statement to the Malaysian stock exchange, denying the receipt of summons by either the airline group or Fernandes.
"We wish to state categorically that neither AirAsia Group nor Tan Sri Tony Fernandes, in his personal capacity, has received any such notice as of today. If and when any such notice is received through formal and official channels, then in accordance with the sovereign laws of Malaysia, we will abide by the due process of the letter of the law. We wish to emphasise that AirAsia Group and Tan Sri Tony Fernandes will cooperate fully with the respective authorities in India in the latter’s investigations," the airline said in the statement
Late last month, the CBI named Fernandes, AirAsia India non-executive director R Venkataramanan, and other suspected aides in a report alleging criminal conspiracy to change rules to get overseas flying rights for the carrier.
AirAsia Berhad and Tata Sons each own 49% in AirAsia India. The rest is owned by Venkataramanan, managing trustee at Tata Trusts and the Indian airline's Chairman S. Ramadorai.
AirAsia applied for a flying licence during the previous Congress-led United Progressive Alliance (UPA) government. It started flying in July 2014, two months after the current BJP-led National Democratic Alliance (NDA) came into power. The current government relaxed overseas flying rules in 2016.
07/06/18 Anirban Chowdhury/Economic Times