Report: India launches corruption probe of AirAsia

Indian investigators reportedly filed a corruption case Tuesday against the CE of AirAsia and some of his top deputies, saying the company paid bribes to get govt approvals to launch its India operation. AirAsia CR Tony Fernandes, his deputy Bo Lingam and others were named in the complaint filed by the Central Bureau of Investigation. The report said most of the bribes were paid through a "sham contract" with a Singapore-based company. The complaint did not say which Indian officials were allegedly bribed. AirAsia India, the Indian arm of the carrier, denied the allegations, with company official Shuva Mandal saying it is "cooperating with all regulators and agencies to present the correct facts." While investigators registered the case Tuesday, formal charges can only be ordered by a court. <br/>