CBI books Air Asia CEO, others on bribery charges

Image
ANI New Delhi (India)
Last Updated : May 29 2018 | 8:55 PM IST

Central Bureau of Investigation on Tuesday booked Air Asia Group CEO Tony Fernandes among others under the Prevention of Corruption Act for violating aviation rule to get international flying licenses.

The CBI has also booked Air Asia Director (Bengaluru) Ramachandran Venkatraman, and DTA consultancy Pvt Ltd founder Deepak Talwar.

B.O. Lingan of Air Asia Berhad Malaysia, Rajendra Dubey- director of HNR Trading PTE Ltd Singapore, Sunil Kapoor- chairman of Total Food Services, Rashid Mansion, Worli Point (food services) have also been named in the case. Other unknown public officials and private persons are also involved.

The CBI also held searches at five locations in Delhi, Mumbai and Bengaluru.

Unknown officials of civil aviation ministry and then officials of Foreign Investment Promotion Board had allegedly entered in criminal conspiracy with V Ramachandaran, T Fernandes, BO Lingam, R Dubey with intent to help Air Asia India to expedite change in aviation policy to suit company, according to an official statement.

The investigative agency alleged that the AirAsia Group CEO allegedly lobbied with government servants for clearances, removal of existing 5/20 aviation rule and change in regulatory policies.

The case also relates to the violation of Foreign Investment Promotion Board (FIPB) rules by Fernandes and his associates.

Under the 5/20 rule, a company needs a minimum of five years of flying experience and is also required to have 20 aircraft in their possession in order to become eligible for the license.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 29 2018 | 8:55 PM IST

Next Story