Mumbai: Concluding that the transactions of Jet AirwaysNSE 4.04 % are of ‘suspicious’ in nature and require a thorough probe, the Mumbai regional office of the Ministry of Corporate Affairs (MCA) last week submitted its report recommending a detailed investigation into the affairs of the company, source in the know told ET.
“A lot of discrepancies have been found in the book of accounts which were recently inspected by Registrar of Companies (RoC), Mumbai . They were found to be in violation of certain provisions of the Companies Act. Many of the transactions relating to the fund movements are of suspicious nature which are unexplained. All this requires a thorough probe and therefore a recommendation has been made to the ministry to order an investigation into the affairs of the company,” said the above cited individual.
