 "AirAsia group CEO Tony Fernandes. Photo: Bloomberg")
In a major setback for the Tatas, the Central Bureau of Investigation (CBI) has indicted top executives of Tata Sons and the airline company AirAsia Bhd for trying to bribe government officials in order to subvert aviation laws of the country for their venture AirAsia India.
The agency on Tuesday named Tony Fernandes, group CEO of AirAsia, Bo Lingam, former deputy group CEO of AirAsia Bhd, and R Venkataramanan, managing trustee at Tata Trusts in the FIR, alleging they paid money to middlemen for bribes to known public servants and others for securing air operator’s permit and for operation of
