AirAsia row: ED likely to register money laundering case against Tony Fernandes
The CBI had named Fernandes and others in the case of violating FDI norms in giving effective management to a foreign entity through FIPB clearance in 2013. According to an ED official, the agency is in contact with the CBI investigators and may receive details of the case any time. "After a thorough analysis of the case, we might register a money laundering case in the matter under the Prevention of Money Laundering Act," the official told IANS, requesting anonymity.
The Enforcement Directorate (ED) is likely to register a money laundering case against AirAsia Group CEO Tony Fernandes and others accused of violating FDI norms. Image source: Reuters