Friday, June 15, 2018

AirAsia India investigation: Tata Trusts backs Venkataramanan

Mumbai: Trustees of the Tata Trusts on Thursday reiterated that the reported official investigations relating to AirAsia India, a public limited company in which Tata Sons is a 49% shareholder, have nothing whatsoever to do with the affairs of any of the Tata Trusts. They noted that papers and documents relating to the Trusts were neither seen nor called for by the investigators.

The office of managing trustee R Venkataramanan, in his capacity as a non-executive director and a nominee of Tata Sons on the board of AirAsia India, in the Trusts office premises, was visited by the authorities, they said. They added clarifications had been sought on some papers relating to AirAsia India, some of which were taken by the authorities.
15/06/18 Financial Express
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