Fernandes, Meranun return to AirAsia as probe finds no guilt.

AirAsia founder and chief executive Tony Fernandes and executive chairman Kamarudin Meranun have returned to their posts after an independent probe cleared them of any guilt, the Malaysian LCC holding said in a stock exchange filing on March 20. Denying any wrongdoing, they temporarily stepped aside on February 3 after Airbus settled a USD4 billion court case amid allegations the manufacturer had paid bribes to airlines worldwide, including AirAsia (AK, Kuala Lumpur Int'l) and long-haul unit AirAsia X (D7, Kuala Lumpur Int'l), to win contracts. Independent reviewer BDO Governance Advisory Sdn Bhd found that AirAsia Bhd, since renamed AirAsia Group, had a "robust aircraft procurement process" and that the group's aircraft acquisition had...

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