Wednesday 28 December 2016

Airasia. Tata. Can You Get Away

Is a hit for rapper Tupac Shakur, taken from the album me against the world .

The question here is AirAsia, can you get away from the corporate battle taking place in India'sTata Group between Ratan Tata and Cyrus Mistry  .

The press trust of India, has the story. Read below :

Enforcement Directorate (ED) has questioned AirAsia India's Chief Financial Officer (CFO) in Mumbai in connection with an alleged Forex violation case.

ED is probing ousted Tata Group Chairman Cyrus Mistry's allegation that fraudulent transactions of Rs 22 crore, involving non-existent entities in India and Singapore, were carried out in an instance involving the airlines.

Officials said the CFO, Ankur Khanna, was questioned by the investigating officer of the case earlier in the week and his statement was recorded under the provisions of the Foreign Exchange Management Act (FEMA).

There was no immediate comment from AirAsia India spokesperson.