• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

PMLA case: ED summons Air Asia executives, CEO Fernandes

|

New Delhi, Jan 16: The Enforcement Directorate (ED) has summoned senior executives of Air Asia including CEO Tony Fernandes for questioning in connection with a money laundering case, officials said on Thursday.

PMLA case: ED summons Air Asia executives, CEO Fernandes

The agency had registered a case under the Prevention of Money Laundering Act (PMLA) against the airline and its officials in 2018. Officials said while Fernandes has been summoned on January 20, few others have also been asked to depose for questioning in the following days. The fresh summons have been issued to take the probe forward, officials said.

CBI summons director of AirAsia India for questioning

    Shiv Sena's Sanjay Raut makes shocking claim, says Indira Gandhi used to meet Don Karim Lala

    The ED probe is related to allegations that the airline tried to manipulate government policies through corrupt means to get the international licence for its Indian venture Air Asia India Limited. The ED case was registered after the CBI filed an FIR to probe these allegations.

    The ED is also probing this case under the Foreign Exchange Management Act (FEMA). Investigation in the case was initiated on the basis of the claims of ousted Tata Group chairman Cyrus Mistry's allegation that fraudulent transactions of Rs 22 crore, involving non-existent entities in India and Singapore, were carried out in an instance involving the airline.

    The CBI and ED, in their criminal FIRs, had booked Group CEO of Air Asia Fernandes, Tharumalingam Kanagalingam also known as Bo Lingam, former Deputy Group CEO of Malaysia-based Air Asia Berhad, and R Venkataramanan, Director Air Asia India Ltd, Bengaluru, besides companies Air Asia India Pvt Ltd and Air Asia Berhad.

    The allegation pertains to Air Asia officials and others allegedly trying to manipulate government policies through corrupt means to get an international licence for its Indian venture Air Asia India Limited.

    For Daily Alerts
    Get Instant News Updates
    Enable
    x
    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more
    X