Home » Headline News » Currently Reading:

AirAsia India set to probe financial irregularity claims

November 2, 2016 Headline News No Comments Print Print Email Email

egtmedia59Budget carrier AirAsia India is investigating some former employees over allegations of personal expense irregularities.

A statement from the carrier, cited by Airwise.com, referred to an ongoing investigation against certain former personnel of AirAsia (India) Limited involving irregular personal expense claims and certain company charges.

The statement added that AirAsia India, AirAsia Malaysia and Tata Sons “do not approve of any unethical practices and will take very stern action against the perpetrators at all levels of the organisation”.

The developments come after the ousted chairman of India’s Tata Group, Cyrus Mistry, voiced his misgivings.

Tata Sons, the holding company of Tata Group, abruptly replaced Mistry with his predecessor Ratan Tata a week earlier, giving no explanation.

Mistry has since spoken of transactions worth about US$ 3.29 million, allegedly involving non-existent entities in India and Singapore, according to a report in DNAIndia.com.

AirAsia India is a joint venture between Malaysia’s AirAsia and the Tata Group.

Written by William Sykes

Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS


Premier Partnership Sponsors

ADVERTISEMENTS


Official Media Event Partner

ADVERTISEMENTS

Global Travel media endorses the following travel publication

ADVERTISEMENTS