ED grills AirAsia India’s CFO in FEMA case

Enforcement Directorate (ED) has questioned AirAsia India’s Chief Financial Officer (CFO) here in connection with an alleged forex violation case.

ED is probing ousted Tata Group Chairman Cyrus Mistry’s allegation that fraudulent transactions of Rs 22 crore, involving non-existent entities in India and Singapore, were carried out in an instance involving the airlines.

Officials said the CFO, Ankur Khanna, was questioned by the investigating officer of the case earlier in the week and his statement was recorded under the provisions of the Foreign Exchange Management Act (FEMA).