Former Tata Sons Nominee To Appear Before ED
By : Legal Era
Update: 2020-01-30 13:32 GMT
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[ By Bobby Anthony ]Tata Sons has issued a statement clarifying that its former non-executive nominee Director R Venkatramanan will appear before the Enforcement Directorate (ED) in connection with an alleged money laundering case.“Venkatramanan has not ignored the summons from ED or any other agency,” the holding company of the Tata Group mentioned in a statement issued...
Tata Sons has issued a statement clarifying that its former non-executive nominee Director R Venkatramanan will appear before the Enforcement Directorate (ED) in connection with an alleged money laundering case.
“Venkatramanan has not ignored the summons from ED or any other agency,” the holding company of the Tata Group mentioned in a statement issued recently.
The clarification came after reports that the former director had allegedly ignored ED summons on three occasions. The statement has clarified that such an allegation is factually incorrect.
It may be recalled that on January 23, 2020, the ED had issued summons to AirAsia officials, including its CEO Tony Fernandes to be questioned in February.
An investigation has been launched into AirAsia officials allegedly trying to manipulate government policies in order to get an international license for its Indian venture called AirAsia India.
Incidentally, AirAsia India happens to be a joint venture between AirAsia and Tata Sons.