AirAsia bosses cleared from allegations of Airbus bribery, reinstated

AirAsia Group Bhd (AirAsia) main government officer Tan Sri Tony Fernandes and government chairman Datuk

AirAsia Group 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 associated to the Airbus scandal.

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

The allegations, primarily based on the UK’s Serious
Fraud Office environment (SFO) document, said the airline producer had also presented
US$55 million more to sponsor a athletics staff joined to two unnamed executives
from the airlines.

BDO, the impartial specialist appointed by AirAsia
and AirAsia X board committee to undertake the impartial critique, has fixed
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 acting main government officer has been
rescinded.

In an trade submitting to Bursa Malaysia (Malaysia
Inventory Trade) on 20 March, AirAsia reported the sponsorship of the athletics staff by
Airbus was disclosed to and supported by the Board of Directors of AirAsia Bhd
(AAB) that was renamed AirAsia Group.

It added its sponsorship of the athletics staff
by Airbus “was approved in compliance with its procedures”, and  was disclosed to and supported by the Board of
Directors of AAB at the suitable time.”

The sponsorship also showed demonstrable
benefits to the AirAsia Group and was not joined to any obtain selections by the
group.

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

Both equally Fernandes and Kamarudin had categorically denied all allegations of wrongdoing or misconduct, and had presented their entire cooperation in the investigation.

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