Vastavam web: Markets regulator Sebi has sought information from Jet Airways following a complaint of alleged fraudulent practices.In a filing to the stock exchanges today, the airline said last month the regulator sought views of the statutory auditors and the audit committee on certain allegations.
However, the carrier did not elaborate on the complaint.The disclosure came in response to a clarification sought by the BSE on reports about alleged fraudulent practices by Jet Airways promoter Naresh Goyal and fall in its share prices.”The company had provided its response to Sebi in July 2016. No further communication was then received from Sebi in the matter,” the filing said.
Further, the airline said that in a communication on April 30, 2018, Sebi forwarded to the company “another complaint received by it” containing substantially similar allegations.The regulator also sought the views/recommendations of the statutory auditors and the audit committee of the company on the same, it added.There was no immediate response from a Jet Airways spokesperson on the issue.
After posting a Rs 1,036 crore loss in the three months ended March 2018 mainly due to high oil prices and weaker rupee, Jet Airways last week said that it may see a rise in debt for the next one or two quarters.Shares of Jet Airways rose nearly 2 per cent to Rs 427.30 in late morning trade on the BSE.