CBI summons Air Asia's for questioning on July 3

Image
IANS New Delhi
Last Updated : Jun 30 2018 | 12:05 AM IST

The CBI has summoned Air Asia non-Executive Director R. Venkataramanan for questioning on July 3 in a case registered against airline group CEO Tony Fernandes for allegedly trying to circumvent rules to get an international flying license for the airline, said informed sources.

Earlier, the CBI had registered a case against Fernandes, a Malaysian billionaire in this matter.

The CBI had named Fernandes and others in a criminal case of violating FDI norms in giving effective management to a foreign entity through the Foreign Investment Promotion Board's clearance in 2013 and attempt to bribe for tweaking rules to get a licence for its joint venture to operate international flights.

The CBI FIR had also named "unknown public servants" of the Civil Aviation Ministry, the then IPB officials, Venkataramanan, who is a nominee of the Tata Sons, who hold a 49 per cent stake in the airline, and AirAsia Group Deputy CEO T. Kanagalingam alias Bo Lingam.

--IANS

aks-sid-vd/vd

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: Jun 29 2018 | 11:56 PM IST

Next Story