News Malaysiakini

AirAsia probe: Tata Trusts denies involvement in India's case

Malaysiakini  |  Published:  |  Modified:

One of India's largest philanthropic organisation, Tata Trusts, has sought to distance itself from ongoing federal investigations by authorities there into alleged corruption and licensing irregularities involving AirAsia India.

This comes as the Central Bureau of Investigation (CBI) continues to pursue its case against AirAsia India Ltd (AAIL) and AirAsia Group Bhd CEO Tony Fernandes on the matter.

Bangalore-based AAIL is a joint venture between Malaysia's AirAsia and conglomerate Tata Sons Ltd, with the latter owning a 49 percent stake in the business...

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