India summons Tony Fernandes in money laundering probe
FMT Reporters
-January 16, 2020 7:42 PM
Tony Fernandes and top officers of AirAsia have been named in an Indian probe on money laundering.PETALING JAYA: 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.
