ethical concerns +Mistry was removed abruptly +NEW DELHI: The Civil Aviation Ministry is keeping a close watch on developments related to the purported disclosures made by ousted Tata group chairman Cyrus Mistry about AirAsia India , where Tatas are a partner, and will act if something actionable is brought to its notice. "We are waiting for any input from any quarter," Civil aviation secretary RN Choubey said, adding "we have not received anything so far".Mistry raised "" in Tata group's aviation joint venture with AirAsia and alleged that forensic investigation revealed fraudulent transactions of Rs 22 crore involving non-existent entities in India and Singapore. "If anything new is brought to the ministry attention, appropriate authorities will look into it," another civil ministry official said on Mistry's allegations against AirAsia India.as chairman of the Tata Group on Monday and replaced by his predecessor Ratan Tata , who will lead India's biggest conglomerate for the next four months till a permanent replacement is identified by a specially- created committee.Mistry's family firm, Shapoorji Pallonji, is a construction major and one of the largest stakeholders in the Tata Group.In a letter written to the Board members of Tata Sons yesterday, Mistry alleged that due to the interim Chairman Ratan Tata's passion for aviation, Tata Sons board increased capital infusion in the aviation sector at multiple levels of the initial commitment. "Board members and trustees are also aware that in the case of AirAsia, ethical concerns have been raised with respect to certain transactions as well as overall prevailing culture within the organisation. The carrier had to wait for nine months before taking off.

Source: Times of India October 27, 2016 09:36 UTC