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Provided info to relevant authorities: Indigo's Gangwal
Provided info to relevant authorities: Indigo's Gangwal

Mumbai, July 31 (TIWN) IndiGo's co-founder and Director Rakesh Gangwal on Tuesday said that he has provided "information to the relevant authorities" regarding governance issues at the airline.

Gangwal was responding to media reports that regulators have asked for information but none has been provided.   Related party transactions between IndiGo and InterGlobe Enterprises (IGE) was one of the many alleged corporate governance issues that Gangwal had highlighted earlier this month.   While Gangwal alleged that proper procedures were not followed while awarding these contracts, this was contended by IGE. Bhatia's firm argued that these transactions amount to less than a percent of IndiGo's topline and have been cleared by the audit committee.

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