Ai­rA­sia In­dia con­firms on­go­ing probe into al­leged fraud

The Sun (Malaysia) - - MEDIA & MARKETING -

PE­TAL­ING JAYA: Ai­rA­sia Bhd’s 49%-as­so­ciate Ai­rA­sia (In­dia) Lim­ited (Ai­rA­sia In­dia) yes­ter­day con­firmed there is an on­go­ing in­ves­ti­ga­tion against a cer­tain for­mer per­son­nel in­volv­ing ir­reg­u­lar per­sonal ex­pense claims and cer­tain com­pany charges.

Ai­rA­sia In­dia said the mat­ter has been re­ported to and dis­cussed at its pre­vi­ous board meet­ing. The car­rier added that it will not make any spe­cific ref­er­ence to the mat­ters in­ves­ti­gated at this stage as it may be prej­u­di­cial to Ai­rA­sia In­dia or the per­son­nel in­ves­ti­gated.

“Ai­rA­sia In­dia, Ai­rA­sia and Tata Sons Lim­ited look into all al­le­ga­tions of im­pro­pri­ety and mis­ap­pro­pri­a­tion very se­ri­ously. The three en­ti­ties do not ap­prove of any un­eth­i­cal prac­tices and will take very stern ac­tion against the per­pe­tra­tors at all lev­els of the or­gan­i­sa­tion. The three en­ti­ties would like to re­it­er­ate that it strictly ad­heres to in­ter­nal pro­ce­dures and poli­cies,” Ai­rA­sia In­dia said in a state­ment yes­ter­day.

Ai­rA­sia was re­spond­ing to a query raised by Bursa Malaysia Se­cu­ri­ties Bhd last Fri­day per­tain­ing to re­ports that Tata Group’s ex­chair­man Cyrus Mistry had al­leged fraud at Ai­rA­sia In­dia fol­low­ing his dis­missal from the largest con­glom­er­ate in In­dia.

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