AirAsia's alleged fraudulent transactions come under CBI lens

In 2013, Tata Sons started low-cost carrier AirAsia India

The Central Bureau of Investigation (CBI) is examining the matter pertaining to allegedly suspicious transactions of Rs 22 crore involving non-existent entities in India and Singapore in AirAsia, an issue already being probed by the Enforcement Directorate (ED).

CBI sources said the agency is scrutinising material about the allegations and a final call to register a preliminary enquiry or an FIR will be taken once a prima facie case is made out. In 2013, Tata Sons had joined hands with Malaysian carrier AirAsia and Arun Bhatia's Telestra Tradeplace to start low-cost carrier AirAsia India. The carrier had to wait for nine