The board of directors of Tata Sons on Tuesday backed R Venkataramanan, the nominee director at Air Asia India, who along with several executives of the airline is being probed by the CBI for allegedly trying to manipulate government policies to get an international licence. Giving a clean chit to Venkataramanan, the board said he would continue to represent the holding company as there “have been no findings of any wrongdoing on the part of its nominee director”. The board meeting, held in London, was chaired by Tata Sons Chairman N Chandrasekaran, and all the 11 directors, including Harish Manwani, former global chief operating officer of Unilever who joined the board earlier this year as an independent director, were present. During the meeting, the Tata Sons board was updated on the Air Asia case. The company said the board was satisfied that the airline was cooperating fully with agencies investigating the matter.
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