Air Asia case: Tata Sons Board repose faith in Venkataramanan
Mumbai, June 26: The board of Tata Sons on Tuesday reposed their faith in R. Venkataramanan, who is the non-executive director and a nominee of Tata Sons on the Board of Air Asia India.
A Tata Sons statement here said its board was updated on the issues concerning Air Asia India Ltd (AAIL) pertaining to the investigations being carried out by official agencies.
"In this context, the Board expressed satisfaction that AAIL was cooperating fully with agencies investigating this matter," it said.
"The Board is aware that prior audits and forensic reports were initiated by AAIL on some of the issues being currently investigated and based on such reports there have been no findings of any wrongdoing on the part of its nominee director R. Venkataramanan."
The development comes after AirAsia India Director Venkataramanan was accused among other things of violating FDI norms in giving effective management to a foreign entity through FIPB clearance in 2013. Venkataramanan has denied the charges.
Tata Sons holds a 49 per cent stake in Air Asia India which is a public limited company.
Earlier this month, the trustees of Tata Trusts, which hold a majority stake in Tata Sons, expressed their confidence in Venkataramanan.
Last month, the CBI has named AirAsia Group CEO Tony Fernandes and others in a criminal case of violating FDI norms in giving effective management to a foreign entity through the Foreign Investment Promotion Board's (FIPB) clearance in 2013 and attempt to bribe for tweaking rules to get a licence for its joint venture to operate international flights.
The CBI FIR also names "unknown public servants" of the Civil Aviation Ministry, the then Foreign Investment Promotion Board, Venkataramanan, Director AirAsia, the AirAsia Group Deputy CEO T. Kanagalingam alias Bo Lingam.
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Mumbai police arrest actor Sahil Khan in Mahadev betting app case
Mumbai, Apr 28: The Mumbai cyber cell's SIT on Sunday arrested actor Sahil Khan in connection with the Mahadev betting app case, a police official here said.
The actor was apprehended from Jagdalpur in Chhattisgarh on Saturday after the Bombay High Court rejected his pre-arrest bail plea, he said.
He was subsequently brought to Mumbai and placed under arrest, the official said.
Khan was recently questioned by the Special Investigation Team (SIT) formed in connection with the case.
The actor, known for films like ‘Style’ and ‘Excuse Me’, has become a fitness expert.
The Mumbai police had earlier arrested one person in connection with the case, the official said.
Khan is the second person to be arrested by the city police in the case, he said.
The SIT has been conducting a probe into the alleged illegal transactions between certain financial and real estate firms in the state and the promoters of the controversial Mahadev betting app.
The size of the scam is about Rs 15,000 crore, as per the first information report (FIR) registered by the Matunga police here in the case.
An investigation is underway against Khan and 31 other individuals. The probe involves examining their bank accounts, mobile phones, laptops, and all technical equipment, according to the police.
While the Enforcement Directorate (ED) is investigating money laundering angle in the Mahadev betting app case, Mumbai police have registered a separate case against 32 persons.
Notably, Chhattisgarh’s Anti-Corruption Bureau (ACB)/Economic Offence Wing (EOW) on April 24 said it has arrested two persons - from New Delhi and Goa - in connection with the alleged illegal operations of the Mahadev online gaming and betting application that purportedly involved senior politicians and bureaucrats from that state.
The ED has separately arrested nine persons so far as part of its probe in the money laundering-linked case.
#WATCH | Actor Sahil Khan brought to Mumbai from Chhattisgarh. He has been arrested by the Mumbai Crime Branch's SIT in connection with the Mahadev Betting App case.
— ANI (@ANI) April 28, 2024
“I believe in the judiciary of the country, " he says pic.twitter.com/HirOzizuXb
#WATCH | Mahadev Betting App case | Mumbai: Actor Sahil Khan's lawyer Mujahid Ansari says, "They wanted a remand to investigate. They had produced their ground in the Session Court and the High Court that there are 2000 SIM cards and 1700 bank accounts... The court has sent him… pic.twitter.com/rsJNeZ5VMo
— ANI (@ANI) April 28, 2024
