Chennai: Troubled carrier Jet Airways has said a forensic audit of specific transactions is being carried out following directions from State Bank of India (SBI). The full service airline is grappling with financial woes and is looking to raise funds.
‘As per the directions of State Bank of India, a forensic audit of specific transactions of the company for the period 1 April, 2014 to 31 March, 2018 is in progress. The company is fully cooperating with the auditors and providing them all the information, as is being sought in this connection,’ Jet Airways said in a regulatory filing.
The airline has been in the red for three consecutive quarters. Sources had said the audit was ordered following a complaint of alleged financial irregularities in Jet Airways accounts by a whistleblower.