The Delhi High Court on Thursday directed the Enforcement Directorate (ED) to file a status report of its investigation in a money laundering case lodged against the Tata-AirAsia deal whose flying license has been challenged by BJP leader Subramanian Swamy. This will be a nightmare for industrialist Ratan Tata and Malaysian tycoon Tony Fernandes, owner of Air Asia, who were exposed in the forensic audit report prepared by ex-Tata Sons’ Chairperson Cyrus Mistry.
PGurus have earlier reported how in the Tata-Air Asia deal, money was flown to the account of US-designated terrorist of Iranian origin and Dubai-based Hamid Reza Malakotipour. This was exposed by the forensic audit conducted by Cyrus Mystery which ultimately led to his exit from Tata Sons. In 2013, Subramanian Swamy approached the courts accusing fraudulent practices in the Tata-Air Asia deals and Jet-Etihad deal, accusing the then Finance Minister P Chidambaram as the main culprit. The Central Bureau of Investigation (CBI) had already booked Ratan Tata’s closest aide and Tata Trusts’ head Venkat as the accused along with Air Asia owner Tony Fernandez. To save his skin, Ratan Tata is knocking all corridors of power. He even visited RSS Headquarters twice and requested top Sangh leaders to save him and got a negative reply, said a very senior RSS functionary.
On Thursday, a bench of Chief Justice D N Patel and Justice C Hari Shankar made the ED a party in Swamy’s petition challenging the airline’s flying licence and Foreign Investment Promotion Board (FIPB) clearance granted to AirAsia — a joint venture of Tata Group and Malaysia’s largest budget airline AirAsia Berhad. The court directed the probe agency to file its status report in a sealed cover before the next date of hearing on May 14. CBI had already filed its probe report in a sealed cover.
In his main petition, Swamy has contended that the flying rights granted to the carrier were in violation of the government’s policy on foreign investment. He said that according to the policy, foreign investment was allowed only in existing airlines and was not meant for floating or starting a new airline, like AirAsia India. The Federation of Indian Airlines (FIA), which has also opposed the flying license granted to AirAsia, had earlier alleged that the Directorate General of Civil Aviation (DGCA) was “deliberately turning a blind eye” to the issue.
After Supreme Court canceled the 2G telecom licenses of foreign firms in early 2012, the corrupt Congress leaders made illegal civil aviation deals to pacify the Arabs and Malaysian tycoons, accused Swamy detailing the Jet-Etihad deal and Tata-Air Asia deals.
 Money flown to terrorist from Tata/ Air Asia deal: Swamy urges CBI to probe – Dec 2, 2016, PGurus.com