Fri. Apr 3rd, 2020

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AirAsia bosses cleared from allegations of Airbus bribery, reinstated

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AirAsia Group Bhd (AirAsia) chief 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, each Fernandes and Kamruddin relinquished their government positions for two months adhering to allegation that the airline gained a US$fifty million bribe from plane manufacturer Airbus.

The allegations, dependent on the UK’s Significant
Fraud Office environment (SFO) document, said the airline maker had also offered
US$55 million additional to sponsor a sporting activities group linked to two unnamed executives
from the airlines.

BDO, the independent skilled appointed by AirAsia
and AirAsia X board committee to undertake the independent overview, has fixed
to reinstate the government positions of Fernandes and Kamarudin as group chief
government officer (CEO) and government chairman of AirAsia respectively.

For that reason, the appointment of
Tharumalingam a/l Kanagalingam as the acting chief government officer has been
rescinded.

In an trade submitting to Bursa Malaysia (Malaysia
Stock Exchange) on 20 March, AirAsia explained the sponsorship of the sporting activities group by
Airbus was disclosed to and supported by the Board of Administrators of AirAsia Bhd
(AAB) that was renamed AirAsia Group.

It included its sponsorship of the sporting activities group
by Airbus “was accepted in compliance with its procedures”, and  was disclosed to and supported by the Board of
Administrators of AAB at the suitable time.”

The sponsorship also showed demonstrable
advantages to the AirAsia Group and was not linked to any purchase choices by the
group.

“The two executives (Fernandes and Kamarudin)
had adequately disclosed their interests to AirAsia’s board B and abstained from
conversations and/or choices relating to the explained sponsorships.”

Both of those Fernandes and Kamarudin had categorically denied all allegations of wrongdoing or misconduct, and had offered their full cooperation in the investigation.

Showcased image – AirAsia Group’s chief government officer Tony Fernandes (remaining) and government chairman Datuk Kamarudin Meranuncredit rating: AirAsia

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