FIA drags Tata-Air Asia to Supreme Court
Cyrus Mistry said, "Tata Sons board and members and trustees are also aware that in the case of Air Asia, ethical concerns have raised with respect to certain transactions as well as the overall prevailing culture within the organization. A recent forensic investigation revealed fraudulent transaction of Rs 22 crore involving non-existent parties in India and Singapore."
FIA said to SC, “Fraud has been committed by Tata-Air Asia. The agreement was in violation of Directorate General of Civil Aviation, Government of India (DGCA) Rules, FDI policy.” Photo: Youtube