MUMBAI -- Federal investigators in India have filed criminal charges against AirAsia India, a joint venture between AirAsia and Tata Sons, and the company's executives for an alleged “conspiracy” involving bribes to policymakers to change regulations.
While the surprise move, made on May 28, is already inflicting damage on the Malaysia-based low cost carrier's stock price and reputation, it may also potentially harm India’s image as a business destination.
