AirAsia’s Fernandes, airline’s chairman, caught up in Airbus corruption investigationCEO and chairman step down temporarily and deny all allegations as probes continue in Malaysia, Britain and India. By
Matt Driskill -
February 4, 2020
this is not the only legal jeopardy in which Fernandes is ensnared. Regulators in India have demanded he appear for the country’s Directorate of Enforcement to answer charges that the airline tried to strong-arm the government and the directorate has filed money laundering charges against AirAsia officials. The charges were originally filed in May 2018 and said AirAsia officials tried to manipulate government policies through corrupt means to get an international licence for its Indian venture, AirAsia India. AirAsia is also under investigation in Malaysia for possible securities fraud and British authorities are looking into a 2012 sponsorship agreement between the now-defunct Caterham Formula 1 racing team, founded by Fernandes, and Airbus’s then-parent, EADS. Britain’s Serious Fraud Office (SFO) alleged that between October 2013 and January 2015
https://asianaviation.com/airasias-fernandes-airlines-chairman-caught-up-in-airbus-corruption-investigation/
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