The UPA government’s decision to merge Air India and Indian Airlines has been nothing less than a controversy. The Enforcement Directorate (ED) has found some irregularities in the deal and there have been charges of money laundering as well. Hence, cases have been registered.
Two cases have been filed under the provisions of Prevention of Money Laundering Act. The other two relate to how the government allowed private players to take benefit of domestic and international routes by sidelining the profitable routes of the two national carriers. Cases are based on Central Bureau of Investigation’s (CBI) four FIRs filed earlier, The Asian Age has reported.
Documents relating to the case are in possession of the ED and have been termed ‘politically sensitive’. Officials will soon be summoned for questioning. The four FIRs that the CBI has filed are against unidentified individuals on the charges of criminal conspiracy, corruption and cheating. The individuals belong to Air India and the Ministry of Civil Aviation.
The UPA government had purchased 111 aircraft at a cost of Rs 70,000 crore, which is a huge loss to the exchequer, according to the CBI. Future of these national airlines had been put at stake to allow certain private players to make profits.
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.