New Jet Airways emergency: Carrier has to worry about this crisis now

After flying through an emergency created by its controversy over salary payment, the carrier is having to face yet another crisis now. The Income Tax Department on Wednesday began inspection of the books of crisis-hit Jet Airways for alleged falsification of accounts and suspicious transactions, sources said.

The carrier, which is grappling with financial woes, is already under the scanner of markets regulator Securities and Exchange Board of India (Sebi) and the corporate affairs ministry for various alleged lapses.

Sources said the department began inspection of the Mumbai-headquartered airline’s books on Wednesday and is conducting the operations at four premises of the airline.

Two of the premises are in the national capital and the other two are in Mumbai, they added.

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When contacted, an airline spokesperson said, “Income Tax officials are conducting a survey at Jet Airways’ office”.

Shares of the airline Wednesday fell 3.67% to close at Rs 244.25 on the BSE.