Friday, June 08, 2018

India's Jet Airways under scrutiny for stock market dealings

Jet Airways has been asked by the Securities & Exchange Board of India (SEBI), a financial market watchdog, to provide a response to media allegations related to fraudulent trading practices by the carrier's founder and Chairman Naresh Goyal, the airline has disclosed in a stock market filing.

The carrier has said it has provided an answer to the SEBI's letter dated April 30, 2018, without going into details as to the contents of the remarks it has received from the regulator.

"[SEBI] has sought the views/recommendations of the statutory auditors and the Audit Committee of the Company on the same. [Jet Airways] has already taken necessary steps in this regard as directed by SEBI and is in communication with SEBI in the matter," the airline has said.
08/06/18 ch-aviation