New govt to decide on referring Jet to SFIO

The government will decide on whether to refer the grounded Jet Airways to the Serious Fraud Investigation Office after a new minister takes charge later this week as an inspection by the registrar of companies showed alleged irregularities. Sources said that the inspection has suggested diversion of funds and added that the investments into Jet subsidiaries, including loans extended by the airline, needed to be probed thoroughly before a clean chit could be given.

from Times of India http://bit.ly/2JJoLA0