AirAsia Scam: ED summons top management; Tony Fernandes to appear before agency on Jan 20
Updated : January 16, 2020 10:30 AM IST
The case relates to an alleged violation of norms by directors of the company for relaxation of 5/20 rules in the aviation sector to get licenses for international operations.
In 2018, the CBI had registered a case against Tony Fernandes and others over alleged violation of norms for getting international flying licenses.
CNBCTV18.com, in May 2018, reported that AirAsia India engaged Singapore-registered HNR Trading PTE Ltd to assist with lobbying to relax aviation rules.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more