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AirAsia Group shares fall 4 percent after India files case against airline and CEO

AirAsia Group shares fall 4 percent after India files case against airline and CEO
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KUALALUMPUR (Reuters) – Shares of AirAsia Group Bhd <AIRA.KL> fell as much as 4.2 percent early on Wednesday after India federal police filed a case against the airline and its CEO Tony Fernandes.

Indian police said on Tuesday they have filed a case the airline, Fernandes and its domestic entity AirAsia India, over allegations of corruption and breaking rules in obtaining a flying licence.

Malaysia’s wider market <.KLSE> was down 1.9 percent.

(Reporting by Rozanna Latiff and Liz Lee; Editing by Edwina Gibbs)

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