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India: ED to probe big fraud in Air India-Indian Airlines merger

By  |  October 21, 2018
The Enforcement Directorate (ED) has registered four cases of money laundering in connection with the controversial merger of the Air India and Indian Airlines and alleged irregularities in procurement of 111 aircraft by the two State-run carriers.
The agency has filed at least four Enforcement Case Information Reports (ECIRs), the ED equivalent of a police FIR, officials said on Friday, October 19.The ECIRs have been registered under the Prevention of Money Laundering Act. The ED, the officials said, has obtained relevant documents from the airlines and other departments in connection with the cases that have been termed “politically sensitive.”

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