India summons Tony Fernandes in money laundering probe

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    INDIAN investigators have summoned AirAsia CEO Tony Fernandes in connection with a money laundering case filed in 2018, according to reports.

    The Enforcement Directorate (ED), the government agency responsible for fighting commercial crimes, had filed a case under India’s anti-money laundering law as well as under the Foreign Exchange Management Act (FEMA).

    The case relates to allegations that AirAsia tried to manipulate government policies in order to get a licence for AirAsia India Limited.

    Prominent Indian tycoon Cyrus Mistry had alleged that fraudulent transactions of Rs220,000,000 (RM12.6 million) involving non-existent entities in India and Singapore were carried out involving the airline.

    Besides Fernandes, ED named AirAsia’s former deputy CEO Tharumalingam Kanagalingam, and AirAsia India director R Venkataramanan.

    https://www.freemalaysiatoday.com/category/nation/2020/01/16/india-summons-tony-fernandes-in-money-laundering-probe/
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