May 30, 2018 SOURCE: AFP
AirAsia shares hit as India probes Fernandes
Shares of budget carrier AirAsia fell to a six-month low Wednesday after Indian authorities raided the airline's local offices and accused its boss Tony Fernandes of illegally obtaining operating licences.
The Central Bureau of Investigation said Tuesday it was probing allegations that Fernandes illicitly lobbied Indian officials for favourable treatment...
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