>> Indian police have filed a case against low-cost airline AirAsia and its CEO Tony Fernandez. The airline has been accused of corruption by India's Central Bureau of Investigation as well as breaking rules on foreign investment while obtaining a license. Shares in AirAsia plunged 6% on Wednesday, hitting a six month low.
Analysts say the case against the company could delay plans for an IPO and threaten plans to expand its operations in India. The airline's also been accused of giving government officials bribes to let its Indian division fly international routes with less oversight. However, AirAsia has denied these charges. The complaint against AirAsia also lists five other individuals, a number of unidentified government officials and a company based in Singapore.
It's not the only legal trouble the airline faces, Fernandez is also under investigation in his home base of Malaysia over the cancellation of 120 flights during the general election last month. They were meant to help voters return home for the polls in the middle of a work week.
He alleges Malaysian authorities ordered him to cancel the flights, which the officials deny