The Central Bureau of Investigation or CBI will probe the merger of Air India and Indian Airlines, as well as alleged irregularities in the purchase and lease of aircraft by the two state-run carriers under the Congress-led UPA coalition government which it said has caused “huge” losses to the taxpayer.
The investigative agency today registered three FIRs and a preliminary enquiry to go into the controversial decisions made by the Manmohan Singh government with regard to the two national carriers, including surrender of profitable routes to favour private airlines.
The cases have been registered against unidentified officials of Air India, the Ministry of Civil Aviation and others under charges of criminal conspiracy, cheating and corruption, CBI spokesperson R K Gaur said.
“The cases relate to decisions taken by the ministry during the tenure of the UPA which caused losses of hundreds of millions of crore of rupees to the exchequer,” he said.
Full Content: New Indian Express
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Tuta Mail Raises Alarm Over Google Search Ranking Plunge Amidst DMA Rollout
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI