In a statement, Jet Airways has said that it was concerned about unsubstantiated reports appearing in some sections of the media, repeating allegations made by Nancy Heckerman, who has alleged that most of the money raised by Jet Airways initial public offering was pumped into the market by Hawala.
"We take serious and strong objections to such false, baseless and mischievous reports," the statement said.
The statement further said, "Jet Airways IPO was one of the largest and most successful IPOs in the Indian capital markets in recent times. Some of the world's leading foreign institutional investors and QIB's apart from Indian corporates and retail investors have subscribed to this IPO."
The company said that the IPO was underwritten by some of the world's leading investment bankers and SEBI, RBI and other regulatory authorities have closely monitored the entire IPO process.
Jet Airways has already initiated legal proceedings in the US through American law firm, Paul Weiss, Rifkind, Wharton & Garrison against the president and CEO of Jet Airways Inc Nancy Heckerman, the release added.