May 30, 2018 / 1:59 AM / 4 months ago

BUZZ-Malaysia's AirAsia hits 6-mth low on probe against CEO, Indian unit

** Shares of low-cost carrier AirAsia Group Bhd fall as much as 5.4 pct to 3.13 ringgit, lowest since Nov. 29

** Indian police said on Tuesday they have filed a case against AirAsia CEO Tony Fernandes and its domestic entity AirAsia India, over allegations of corruption and breaking rules in obtaining a flying licence

** AirAsia India denied allegations of wrongdoing and said it was co-operating with all regulators and agencies “to present the correct facts”

** Shares post their sharpest intraday pct drop in nearly two weeks

** As of Tuesday’s close, stock had fallen 1.2 pct this year

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