Enforcement Directorate issues summons to Air Asia

Wednesday, December 7, 2016

The Enforcement Directorate has registered a case against Air Asia India for alleged violations of the Foreign Exchange Management Act regulations and issued summons to officials of the airline.

After taking cognizance of the allegations made in a Deloitte report, corporate governance issues raised by Cyrus Ministry and an article written by BJP leader Subramanian Swamy alleging terror links of an individual close to Air Asia according to sources. The ED sources said that the terror link is mentioned in both these instances and are probing that as well. The summons have been issued on the same basis said official sources.

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