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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CPI(M) rallies behind party member on his remarks against Rahul, Priyanka
Thiruvananthapuram (PTI): The ruling CPI(M) leaders on Monday rallied behind the party's politburo member A Vijayaraghavan in the raging political row over his controversial remarks on the Lok Sabha poll victories of Congress leaders Rahul Gandhi and Priyanka Gandhi Vadra from Wayanad.
During a recent party event in Wayanad, Vijayaraghavan reportedly claimed that Rahul secured victory in the high-range segment twice with the support of communal forces and that extremist elements were present at Priyanka Gandhi's campaign rallies.
Prominent Marxist party leaders on Monday said that Vijayaraghavan didn't say anything wrong or against the party's policy and they would oppose minority communalism and majority communalism alike.
They also reiterated the charges raised by Vijayaraghavan against the Congress and accused the grand-old party of entering into an unholy nexus with communal outfits for electoral gains.
The CPI(M) leadership came out in support of the politburo member a day after the Congress and their United Democratic Front (UDF) ally, the Indian Union Muslim League (IUML), alleged that Vijayaraghavan was attempting to provoke majority communalism in society.
When his reaction was sought by the media, CPI(M) state secretary M V Govindan said what Vijayaraghavan had said was accurate and alleged that communal outfits like SDPI and Jamaat-e-islami were acting like front partners of the UDF.
He charged that their nexus was evident during the recent Palakkad Assembly bypoll.
The criticism against the Jamaat-e-islami was not against the Muslim community and the opposition against the RSS was not against the Hindus, he said, adding that the CPI(M) would not show any compromise in opposing both the minority and majority communalism.
Strongly supporting Vijayaraghavan, senior CPI(M) leader and ruling LDF convenor T P Ramakrishnan said the leader had criticised the stand of the Congress party, which forges a nexus with communal forces during elections.
"Vijayaraghavan has not taken any communal stand. His remarks were also not meant to promote communalism. He has taken a stand that can safeguard society from communal forces," he said.
Senior leader and former minister P K Sreemathi also said Vijayaraghavan had not said anything other than the Marxist party's policy and stand.
Pointing out that communal and extremist forces are gaining strength in the state, she said they cannot be allowed to flourish in Kerala.
"Whoever it is... whether it is Hindu communalism or Muslim extremism, the CPI(M) will take a strong stand against it," she said.
She also accused the Congress of forging ties with communal forces during elections.
On Sunday, Congress leaders accused Vijayaraghavan of making comments against Rahul and Priyanka to "please" the Sangh Parivar, while the IUML alleged that he was attempting to provoke majority communalism in society.
AICC general secretary K C Venugopal strongly criticised Vijayaraghavan, accusing him of using "communal" language that even the Sangh Parivar might hesitate to employ against Rahul. Venugopal also questioned whether the CPI(M) shared the same opinion.
Leader of Opposition, V D Satheesan, echoed similar sentiments, charging the CPI(M) with pushing the same communal agenda propagated by the Sangh Parivar.
Harshly criticising Vijayaraghavan, KPCC chief K Sudhakaran accused the ruling CPI(M) of "surrendering to extreme communalism and providing support to the RSS in the state".
