Aviation: probe into MAS / AirAsia transactions
Malaysia's Finance Ministry says that it is looking into transactions relating to Malaysia Airlines and AirAsia to ascertain if there is evidence of insider dealing before the announcement of a share swap last month.
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Bursa Malaysia (formerly the Kuala Lumpur Stock Exchange) and the Securities Commission are looking into certain transactions, a minister told Parliament in answer to a written question.
He also said that there were no circumstances that suggested that an anti-corruption investigation should be mounted.
The deal was a private share swap, negotiated out of the public eye and therefore no advance notice to the KLSE would be required, the minister said. Indeed, the announcement of a significant deal took industry watchers by surprise.
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