Related-party deals probed by inhouse panel: IGE
Mumbai: Rahul Bhatia’s IGE Group on Friday said an internal committee had been set up by the IndiGoNSE 0.49 % board in March to review related-party transactions (RPTs) done by the airline with IGE Group companies.
The committee was set up at the behest of IndiGo chairman MDamodaran and after the receipt of an EY internal report on the transactions.
The committee, comprising CEO Ronojoy Dutta and CFO Rohit Philip among others, submitted its report to the board on April 4. But the board couldn’t deliberate on it due to differences between Bhatia and cofounder Rakesh Gangwal.
