Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
AirAsia case: CBI to question airline's boss Tony Fernandes next week as agency probes alleged violation of FDI rules
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit

AirAsia case: CBI to question airline's boss Tony Fernandes next week as agency probes alleged violation of FDI rules

Indo Asian News Service • June 1, 2018, 16:33:27 IST
Whatsapp Facebook Twitter

CBI has alleged that bribe was paid to obtain a licence to operate international flights by the joint venture of AirAsia India Ltd (AAIL) with Tata Sons Ltd

Advertisement
Subscribe Join Us
Choose
Firstpost on Google
Choose
Firstpost on Google
AirAsia case: CBI to question airline's boss Tony Fernandes next week as agency probes alleged violation of FDI rules

New Delhi: The CBI has asked Malaysia-based AirAsia Group CEO Tony Fernandes to appear before it by 6 June to face queries relating to alleged bribery to get FDI rules tweaked. The Central Bureau of Investigation has alleged that bribe was paid to obtain a licence to operate international flights by the joint venture of AirAsia India Ltd (AAIL) with Tata Sons Ltd. A CBI sources told IANS that Fernandes had been asked, through email, to come and record his statement before the investigators at the agency’s headquarters in Delhi. In the criminal case filed by the agency on Monday, some “unknown public servants” of the Civil Aviation Ministry and the then Foreign Investment Promotion Board (FIPB), along with R Venkataramanan, Director, AirAsia India, and T Kanagalingam alias Bo Lingam, Deputy CEO, AirAsia Group have been named. [caption id=“attachment_836791” align=“alignleft” width=“380”]A file photo of Tony Fernandes. AFP A file photo of Tony Fernandes. AFP[/caption] “We are planning to issues separate notices to other accused persons named in the FIR after scrutinising all the documents,” a CBI official said, requesting anonymity. AirAsia and Venkataramanan have denied the charges, saying the accusations were made with mala fide intention and will be defended in court. Fernandes, sources said, needed to be questioned regarding the FIPB approval obtained by the company for investing in India. The CBI his alleged that efforts were made by him to get the 5/20 rule of civil aviation policy changed so that AirAsia could start international operations. The rule requires that an airline must be operating in India for five years and have at least 20 aircraft in its fleet before starting international operations. The CBI FIR alleges that in December 2014, Sunil Kapoor, who runs an in-flight catering company, along with Bo Lingam, handed over a packet containing Rs 50 lakh to facilitate the removal of the 5/20 rule. It was not clear who the money was given to. Fernandes is also accused of “putting pressure” on former AirAsia India CEO Mittu Chandilya to pursue changes in regulatory policies for international aviation in India which would be beneficial to the company. Venkataramanan has said the accusations against him were an off-shoot of the allegations made by former Tata Sons chairman Cyrus Mistry and the Shapoor Pallonji Group against the trustees of Tata Trusts. Mistry, in turn, has denied the allegations. Venkataramanan is the managing trustee of the Sir Dorabji Tata Trust and is responsible for the management and oversight of all the Tata Trusts. AirAsia India has also denied allegations concerning indirect foreign control of AAIL allegedly in violation of FIPB, saying the matter had been “fully investigated by the Director General of Civil Aviation and the company had given a clean chit in November 2017”.

Tags
Civil Aviation Ministry CBI FDI Tata Sons Central Bureau of Investigation Tony Fernandes Cyrus Mistry AirAsia India R Venkataramanan Shapoor Pallonji Group AirAsia Group
  • Home
  • Business
  • AirAsia case: CBI to question airline's boss Tony Fernandes next week as agency probes alleged violation of FDI rules
End of Article
Latest News
Find us on YouTube
Subscribe
  • Home
  • Business
  • AirAsia case: CBI to question airline's boss Tony Fernandes next week as agency probes alleged violation of FDI rules
End of Article

Impact Shorts

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai leads India in challan checks, with drivers checking their e-challans over 5 times a month on average. Helmet non-compliance is the most broken rule, accounting for 34.8% of all traffic offences in Chennai. Regular digital challan checks help drivers avoid hefty fines, promote safe driving, and improve insurance premiums.

More Impact Shorts

Top Stories

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Enjoying the news?

Get the latest stories delivered straight to your inbox.

Subscribe
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV