Jet Airways says cooperating with forensic audit
Mumbai : Financially strained Jet Airways on Monday said a Forensic Audit is being conducted by state-owned lender State Bank of India on specific transactions of the company and it is cooperating with the same.
The statement comes after the state owned-lender commenced the audit of specific transactions of the company for the period April 1, 2014 to March 31, 2018.
"The company is fully cooperating with the auditors and providing them all the information, as is being sought in this connection," the airline said in a regulatory filing after stock exchanges sought clarification from Jet Airways on reports over SBI's forensic audit.
"The company has been regular in making the required disclosures in accordance with regulation 30 of the listing regulations. The company is, however, unable to comment on the reasons for the decrease in its share price on the stock exchanges."
On Monday, the company's scrip slumped on the BSE.
The share price of Jet Airways on the BSE was at Rs 250.10, lower Rs 9.85 or 3.79 per cent from its previous close of Rs 259.95 per share.