Swamy urges CBI to register case
[dropcap color=”#008040″ boxed=”yes” boxed_radius=”8px” class=”” id=””]A[/dropcap]irAsia (India) Limited’s Board Meeting on October 27 passed a resolution for registering FIR against its ex-CEO for routing dubious payments of Rs.22 crores to many fictitious entities including to Dubai resident Hamid Reza Malakotipour, a US Treasury Department designated global terrorist from Tata Group. The direction on this regard was given by Cyrus Mistry in early in mid September 2016 to lodge FIR against ex-CEO Mrithyunjay Chandilya and it was decided on September 26 Board Meeting of Air Asia (India) Limited. This decision was expected to the be the provocation for Ratan Tata to expel Mistry on October 24, as FIR against the ex-CEO would spill the beans of diversion of funds to dubious purposes for Air Asia’s India operations.
The Forensic Investigation Report of Deloitte initiated by Mistry has unearthed several financial bunglings and even routing of money to a terrorist from Tata Group to AirAsia’s India operations.
“Pursuant to the discussion in the 24th Meeting of Board of Directors held on 26th September 2016, the Board had approved that suitable action shall be initiated against the Ex-CEO to take the investigation towards reimbursement of personal expenditure and two vendor contracts to a logical conclusion. In this regard, the Board of Directors had passed a resolution by circulation dated October 27, 2016 authorising the current CEO/ CFO/ CS/ Legal – Head to initiate filing of FIR to the Economic Offence Wing against the ex-CEO and his accomplices. The resolution in circulation was approved by all the Directors,” said the Resolution. The detailed resolution is published at the end of this report
Citing this Board Meeting Resolution, Senior BJP leader Subramanian Swamy on January 2, 2017 wrote to CBI’s acting Director Rakesh Asthana, demanding to take action against Prevention of Corruption Act. In his letter, attaching the Board Resolution, Swamy pointed out that Supreme Court has already ordered CBI to take action under Prevention of Corruption Act in a case related to Axis Bank.
“In view of the fact that the Enforcement Directorate has already launched an investigation under FEMA and has made substantial progress, and especially in view of the Deloitte Company’s extensive investigation ordered by Tata Sons Board and submitted in late October 2016 in which even funding of US Treasury Department designated terrorist, it is obvious that a case under PMLA has to be registered by Enforcement Directorate for which collaterally an FIR needs to be registered by the CBI under Prevention of Corruption (PC) Act,” said Swamy citing the Supreme Court rulings on invoking the PC Act in public interest.
The Forensic Investigation Report of Deloitte initiated by Mistry has unearthed several financial bunglings and even routing of money to a terrorist from Tata Group to AirAsia’s India operations.
Swamy’s letter to CBI and the Board Resolution is here:
SubramanianSwamyLetter to CBIDirector on AirAsia Dtd Jan2 2017 by PGurus on Scribd
