AIRASIA GROUP BERHAD ("AirAsia" or "the Company") - Clarification on various Media Articles on the Investigations by Central Bureau of Investigation on AirAsia India office.
We refer to the query raised by Bursa Malaysia Securities Berhad ("Bursa Malaysia") on 30 May 2018 pertaining to the various Media Articles on the Investigations by Central Bureau of Investigation on AirAsia India office.
We have noted the allegations made through the media as well as the investigations by Central Bureau of Investigation on AirAsia India office in Bangalore. AirAsia vigorously denies all accusations and contentions, and believe that these trumped up accusations are baseless and motivated by considerations that as yet remain unknown.
Allegations concerning indirect foreign control of AirAsia India Limited have been fully investigated and the Director General of Civil Aviation had effectively ruled that the operations and management of AirAsia India Limited ("AAIL") was in accordance with FEMA (Foreign Exchange Management Act) as well as FDI (Foreign Direct Investment) Regulations.
AirAsia completely denies these accusations, and will vigorously defend itself against these to the fullest extent of law. Legal action to protect AirAsia and its interests against these allegations will be taken against any person who is known to have maliciously and frivolously instigated, and or smeared the good reputation of individuals and shareholders of AAIL.
This annoucement is dated 30 May 2018.
|Company Name||AIRASIA GROUP BERHAD|
|Date Announced||30 May 2018|
|Category||General Announcement for PLC|