December 11, 2023

Eurocean 2004

Life is an adventure

AirAsia bosses cleared from allegations of Airbus bribery, reinstated

AirAsia Team Bhd (AirAsia) main government officer Tan Sri Tony Fernandes and government chairman Datuk Kamarudin Meranun have been cleared by the BDO Governance Advisory Sdn Bhd (BDO) from corruption allegations related to the Airbus scandal.

In February, both Fernandes and Kamruddin relinquished their government positions for two months following allegation that the airline been given a US$50 million bribe from aircraft manufacturer Airbus.

The allegations, dependent on the UK’s Severe
Fraud Workplace (SFO) doc, said the airline maker had also made available
US$fifty five million a lot more to sponsor a sports team linked to two unnamed executives
from the airways.

BDO, the impartial pro appointed by AirAsia
and AirAsia X board committee to undertake the impartial overview, has settled
to reinstate the government positions of Fernandes and Kamarudin as group main
government officer (CEO) and government chairman of AirAsia respectively.

For that reason, the appointment of
Tharumalingam a/l Kanagalingam as the performing main government officer has been

In an trade filing to Bursa Malaysia (Malaysia
Inventory Trade) on twenty March, AirAsia claimed the sponsorship of the sports team by
Airbus was disclosed to and supported by the Board of Administrators of AirAsia Bhd
(AAB) that was renamed AirAsia Team.

It included its sponsorship of the sports team
by Airbus “was approved in compliance with its procedures”, and  was disclosed to and supported by the Board of
Administrators of AAB at the applicable time.”

The sponsorship also confirmed demonstrable
rewards to the AirAsia Team and was not linked to any obtain conclusions by the

“The two executives (Fernandes and Kamarudin)
had properly disclosed their passions to AirAsia’s board B and abstained from
conversations and/or conclusions relating to the claimed sponsorships.”

The two Fernandes and Kamarudin had categorically denied all allegations of wrongdoing or misconduct, and had made available their entire cooperation in the investigation.

Featured graphic – AirAsia Group’s main government officer Tony Fernandes (still left) and government chairman Datuk Kamarudin Meranuncredit rating: AirAsia