Subramanian Swamy terms Air India divestment a potential scam in the making | india news

BJP MP Subramanian Swamy said he will file a criminal complaint if he finds any culpability.

Bharatiya Janata Get together (BJP) MP Subramanian Swamy on Saturday described the Air India divestment course of as “doubtlessly one other rip-off within the making” saying he would file a prison grievance if he finds any “culpability”.

“The proposed sale of Air India is doubtlessly one other rip-off within the making. Promoting household silver just isn’t divestment. I’m watching who’s doing what and can, if I see culpability, file a non-public prison legislation grievance,” the Bharatiya Janata Get together (BJP) chief mentioned in a tweet.

Swamy’s tweet got here days after the divestment technique of the flag provider Air India (AI) took-off within the wake of presidency inviting “Expression of Curiosity” to off-load 76% stake and administration management of the airline.

The Preliminary Data Memorandum (PIM) inviting “EoI” for the strategic divestment of AI, together with the airline’s shares in AIXL (Air India Categorical) and AISATS (Air India SATS Airport Companies) from non-public entities together with the airline’s staff was issued on Wednesday.

The central authorities owns 100% fairness of Air India. In flip, the airline holds full stake in Air India Categorical, whereas it holds 50% stake within the three way partnership AISATS.

Accordingly, it has been deliberate to divest 76% authorities stake in AI, 100% in AIXL and 50% in AISATS.

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