MUMBAI: Mumbai: The ministry of corporate affairs (MCA) may order a probe by India’s fraud investigator after discovering instances of diversion of funds by the promoters of Jet Airways (India) Ltd, a government official said, requesting anonymity.
The Registrar of Companies (RoC)’s “preliminary inspection into the books of Jet Airways was completed earlier this week and the report was submitted to the MCA on 8 May,” he added.
“MCA will take a call based on the examination of the report. The observations of Companies Act violations are serious in nature and unexplained funds trail does point to fund diversion. The report could be referred to Serious Fraud Investigation Office (SFIO) for a probe of fraud allegations,” the official said.
