Lobbying: Case registered against Air Asia Group CEO Tony Fernandes by CBI
CBI: Case registered against Air Asia Group CEO Tony Fernandes
A case has been registered against Air Asia Group CEO Tony Fernandes and others by CBI over alleged violation of norms for getting international flying licenses, officials said on Tuesday. For clearances, removal of existing 5/20 rule of aviation and change in regulatory policies, Tony has been accused of lobbying with government servants.
The case relates to alleged violation of norms by directors of the aviation company for relaxation of 5/20 rules in the aviation sector to get licenses for international operations, as well as violation of Foreign Investment Promotion Board (FIPB)rules, they said.
The 5/20 rule means that a company needs five years of experience and 20 aircraft to become eligible for the license, the officials said.
Group CEO Air Asia Malaysia, the company Air Asia, Travel Food owner Sunil Kapoor, Air Asia Director R Venkatraman, aviation consultant Deepak Talwar, Director of Singapore-based SNR Trading Rejendra Dubey and unidentified public servants have been named in the FIR.
The searches are going on at six locations in Delhi, Mumbai and Bengaluru, the officials said.
-PTC News
