Tata Sons backs its nominee in AirAsia case

Tata Sons, which is a co-promoter of AirAsia India, said Tuesday it is supporting its nominee director R Venkataramanan, who has been named by the CBI in an FIR for allegedly trying to manipulate govt policies to get an international flying licence for the carrier. Besides Venkataramanan, the CBI had named several persons, including AirAsia Malaysia CE Tony Fernandes, in the FIR. The Malaysian carrier holds 49% in the India entity. According to the Tata Sons’: “The board is aware that prior audits and forensic reports were initiated by AirAsia India 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, Venkataramanan.” <br/>