Wednesday, July 18, 2018

AirAsia India cleared from funding terrorism by court

The National Company Law Tribunal (NCLT) in India has outrightly rejected a lawsuit by Cyrus Mistry, former Tata Sons chairman sacked in 2016, in which he has accused AirAsia India (I5, Chennai) of funding terrorism, the Economic Times has reported.

"The petitioners miserably failed to at least set up a case basing on this allegation; all are abominably baseless allegations thrown at a reputed person... Scurrilous allegations are not supported by any material paper," the court has said.

Mistry has alleged that the LCC's Director R Venkataramanan, acting in his previous capacity as the Tata Sons trustee on the carrier's board of directors, diverted funds from AirAsia India and transferred them through hawala payments to fund Hamid Reza Malakotipour, a former Mahan Air (W5, Tehran Mehrabad) manager, who has been classified as a Specially Designated Global Terrorist by the US Department of Justice.
The court found no proof whatsoever to support the allegation.
18/07/18 ch-aviation