Mistry refutes charges over AirAsia India woes
Mumbai, June 1: Former Tata Sons Chairman Cyrus Mistry on Thursday denied "malicious and defamatory allegations" levelled against him over AirAsia India woes.
"It is well documented that R. Venkataraman was intimately involved in the affairs of AirAsia India right from its inception. He has had many roles including that of Executive Assistant to Ratan Tata at the time of the formation of the Company, Tata Sons' nominee on the Board, as well as that of a shareholder with a 1.5 per cent stake in the company," Mistry said in a statement.
"Therefore, his weak excuse that he was only a non-executive director without any responsibility is totally without any merit."
Mistry said: "This ridiculous attempt to question the independence of the CBI and to cloak his alleged misadventures by using my name is treated with the contempt it deserves."
"Needless to state, I deny all the malicious and defamatory allegations against me."
Mistry's statement comes a day after AirAsia India's Director Venkataramanan in a statement said: "It is commonly known that the present accusations against AirAsia India find their root in baseless allegations made by Cyrus P. Mistry and the Shapoor Pallonji Group against Tata Trusts Trustees (me included) and Tata Sons in his 'revenge' legal actions."
Venkataramanan, who has been accused among other things of violating FDI norms in giving effective management to a foreign entity through FIPB clearance in 2013, has denied the charges.
The CBI on Monday filed an FIR against Venkataramanan, AirAsia Group CEO Tony Fernandes, Deputy CEO T. Kanagalingam alias Bo Lingam, the then Foreign Investment Promotion Board (FIPB), and also some "unknown public servants" of the Civil Aviation Ministry.
The CBI on Tuesday said it had received information that AirAsia India was indirectly controlled and operated by the AirAsia Group and particularly AirAsia Berhad, violating the norms of the then FIPB.
This structure was directly formalized through a "Brand Licence Agreement" signed by AirAsia, represented by Fernandes, and AirAsia Berhad, represented by Bo Lingam, on April 17, 2013 which indirectly made AirAsia India a de facto subsidiary rather than a joint venture.
As per the then FDI policy, foreign airlines were allowed to own up to 49 per cent of shares in domestic airlines but effective management control must remain with the Indian partner.
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Smriti Irani being considered as BJP face for Delhi poll campaign, other names also on table: Report
Delhi: The increased involvement of Smriti Irani in the Bharatiya Janata Party (BJP) activities in Delhi has stirred discussions within the party's local unit regarding her potential candidacy in the upcoming 2025 assembly elections. For the first time in a decade, the BJP is considering projecting a face for its Delhi election campaign, with Irani's name among those in contention.
The recent meeting included discussions about several potential names who could be the face of the BJP for their Delhi poll campaign, including Irani, who previously lost the Lok Sabha election in Amethi to Congress's Kishori Lal, a senior BJP leader told The Indian Express. Other names mentioned include Praveen Khandelwal, Kamaljeet Sehrawat, Manoj Tiwari, and Bansuri Swaraj. “Several possibilities are on the table, including fielding Smriti ji, regarding whom the national leadership is in the process of taking the final decision. Or, the party may bet on an incumbent Lok Sabha MP popular enough to pull the party through the Delhi Assembly elections. If an MP gets elected CM, they may then be replaced by a former Union Minister,” added the BJP functionary.
An insider revealed to the publication that the saffron party is contemplating a unified campaign strategy for the Delhi elections, marking a significant shift since the party last did so in 2015. This topic was addressed among senior leaders during a meeting held at the party's DDU Marg headquarters on the same day that Aam Aadmi Party (AAP) leader Arvind Kejriwal resigned as Delhi Chief Minister, handing leadership to Atishi. The source revealed that the Union Ministers present in the meeting asked for suggestions on whom the party could project as the face of its Delhi election campaign based on various criteria.
In addition to selecting a campaign face, BJP leadership is reportedly also considering a larger role for its Delhi MPs, keeping adequate caste and community representation in mind.. “As far as the MPs are concerned, they are being assessed based on their popularity as well as the caste and community they belong to. The party may go in for significant organisational changes in Delhi during Navratri in October after the conclusion of the Haryana and Jammu and Kashmir Assembly elections,” a BJP leader told IE.
