City
Epaper

Aircel Maxis: Court issues summons to Chidambaram, son in CBI, ED cases

By IANS | Updated: November 27, 2021 15:30 IST

New Delhi, Nov 27 A Delhi Court on Saturday issued summons to former Union Minister P. Chidambaram, his ...

Open in App

New Delhi, Nov 27 A Delhi Court on Saturday issued summons to former Union Minister P. Chidambaram, his son Karti Chidambaram and others in ED and CBI cases in connection with the Aircel Maxis case.

The Court has taken cognizance of the charge sheets filed by the probe agencies in corruption and money laundering charges.

Earlier, the court had reserved its order on the point of cognizance on the CBI-ED charge sheet in the Aircel Maxis case involving Chidambarams and others.

Additional Solicitor General Sanjay Jain, appearing for probe agencies had earlier informed the court that agencies have sent Letters Rogatory documents making a request through a foreign court to obtain information to different countries and there are some developments on that.

The CBI had earlier submitted that it is working on a new lead. Both agencies have filed the status report too in court earlier.

The court had earlier directed the agencies to file a status report in the Aircel Maxis case involving P. Chidambaram and his son Karti Chidambaram which was adjourned sine die.

The court, while asking for reports from the agencies, said that the allegations mentioned in the charge sheet appeared to be "quite serious in nature".

Predecessor Judge O.P. Saini, while granting anticipatory bail, had observed that the entire evidence related to the commission of the crime by the two accused was documentary in nature and not liable to be tampered with by both accused.

The case, which is being probed by the CBI and ED, relates to alleged irregularities in the grant of Foreign Investment Promotion Board approval in the Aircel-Maxis deal.

The probe agencies say the approval was granted in 2006 when P. Chidambaram was the Union Finance Minister.

According to rules and the foreign direct investment policy in force at that time, Chidambaram was allegedly empowered to give approval to proposals involving foreign investment only up to Rs 600 crore.

It is alleged that Chidambaram withheld Foreign Investment Promotion Board (FIPB) clearance of the deal until his son, Karti Chidambaram received the five-per cent share in the company.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: cbiKarti ChidambaramSanjay JainDelhi Court
Open in App

Related Stories

NationalGoa Nightclub Fire: Delhi Court Withholds Interim Bail Protection for Luthra Brothers; Final Hearing Tomorrow

BusinessAnil Ambani’s Son Jai Anmol Booked by CBI In Rs 228 Crore Banking Fraud Case

NationalSupreme Court Orders Nationwide Digital Arrest Cases to Be Transferred to CBI

NationalBomb Threat in Delhi: Two CRPF Schools and Three Courts Receive Jaish-e-Mohammad Email

NationalDelhi Red Fort Car Blast: Amir Rashid Ali Placed Under 10-Day NIA Custody by Court

Politics Realted Stories

MumbaiWho Is Tejasvee Ghosalkar? Shiv Sena UBT Leader and Former Corporator Joins BJP Ahead of BMC Polls

MaharashtraSanjay Raut Says Sena–MNS Already Together No Need Others Permission

MaharashtraBig Jolt to Sharad Pawar as Salil Deshmukh, Son of Anil Deshmukh, Quits NCP-SP

PoliticsEknath Shinde Issues Strict No-Crossover Order After Meeting Amit Shah; Directive Communicated to All Shiv Sena Leaders

MaharashtraBMC Elections 2025: Devendra Fadnavis Says Clarity on Seat-Sharing Will Emerge in Two Days