AirAsia Berhad whose global CEO Tony Fernandes and Indian joint venture have been named in an FIR by the Central Bureau of Investigation, denied all allegations in the report of conspiracy, bribery and foreign management control.
“The Board of Directors of AirAsia Group Berhad (AAGB) refutes strongly all the allegations made in the FIR as baseless, unsupported and unjustified and will vigorously challenge these allegations,” it said in a statement.
“We question the motives of the unnamed person, persons or organisation that lodged this FIR but we will co-operate fully with the Indian authorities in accordance with due process provided in law,” it added.
“..all the allegations in the FIR are unfounded and are without any rational basis and are wholly inconceivable in the context of corporate governance norms in Malaysia,”
It also said the AirAsia Group board has had an internal review and concluded that there has been no wrongdoing by Fernandes or deputy CEO Bo Lingam also named in the FIR.
The Malaysian low fare carrier and salt-to-software conglomerate Tata Sons each own 49% in AirAsia India. The rest is owned by non-executive director R Venkataramanan and chairman S. Ramadorai.
19/06/18 Anurban Chowdhury/Economic Times
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“The Board of Directors of AirAsia Group Berhad (AAGB) refutes strongly all the allegations made in the FIR as baseless, unsupported and unjustified and will vigorously challenge these allegations,” it said in a statement.
“We question the motives of the unnamed person, persons or organisation that lodged this FIR but we will co-operate fully with the Indian authorities in accordance with due process provided in law,” it added.
“..all the allegations in the FIR are unfounded and are without any rational basis and are wholly inconceivable in the context of corporate governance norms in Malaysia,”
It also said the AirAsia Group board has had an internal review and concluded that there has been no wrongdoing by Fernandes or deputy CEO Bo Lingam also named in the FIR.
The Malaysian low fare carrier and salt-to-software conglomerate Tata Sons each own 49% in AirAsia India. The rest is owned by non-executive director R Venkataramanan and chairman S. Ramadorai.
19/06/18 Anurban Chowdhury/Economic Times
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