By Krishna N. Das
By Krishna N. Das
KUALA LUMPUR, Feb 4 (Reuters) – AirAsia Group Bhd’s AIRA.KL Tony Fernandes on Tuesday denied a now-defunct Method 1 racing workforce previously co-owned by him had any hyperlinks to a bribery scandal involving the Malaysian airline’s solely aircraft provider, Airbus SE AIR.PA.
Fernandes, one of many aviation business’s best-known faces, on Monday stepped apart as chief government of Asia’s largest finances airline for at the least two months, as authorities examine allegations that Airbus paid a bribe of $50 million by sponsorship of the Caterham F1 workforce to win orders from AirAsia.
AirAsia Chairman Kamarudin Meranun additionally stepped down together with Fernandes, although each will stay advisers. The AirAsia co-founders, who purchased Caterham in 2011, issued a joint assertion on Tuesday reiterating that they did nothing improper.
“Caterham F1, the corporate alleged to have been sponsored improperly by Airbus, was on the related time a Method 1 racing workforce that had gone around the globe selling amongst others AirAsia, AirAsia X, GE and Airbus,” Fernandes…