Nation Current Affairs 24 Mar 2018 Aircel-Maxis case: A ...

Aircel-Maxis case: After Karti Chidambaram's bail, ED accuses him of forum shopping

DECCAN CHRONICLE
Published Mar 24, 2018, 12:44 pm IST
Updated Mar 24, 2018, 12:44 pm IST
The allegation is that then Finance Minister P Chidambaram granted the approval without going to the CCEA.
Karti Chidambaram filed his plea seeking protection of arrest before Special Judge OP Saini in the Aircel-Maxis matter, in which the CBI and the ED have lodged cases in 2011 and 2012 respectively. (Photo: PTI/File)
 Karti Chidambaram filed his plea seeking protection of arrest before Special Judge OP Saini in the Aircel-Maxis matter, in which the CBI and the ED have lodged cases in 2011 and 2012 respectively. (Photo: PTI/File)

New Delhi: The Enforcement Directorate (ED) has accused former Finance Minister P Chidambaram's son Karti of "forum shopping". The investigation agency said Karti has approached multiple courts through multiple applications in connection with the Aircel-Maxis case.

The allegation is that P Chidambaram, the then Union finance minister, had granted the approval without going to the CCEA.

 

However, counsel appearing for Karti Chidambaram, Kapil Sibal asked how the then finance minister’s approval being valid or not had any relation with Karti.

Hours after being granted bail by the Delhi High Court in the INX media case, Karti Chidambaram on Friday filed anticipatory bail pleas in a city court in cases relating to the alleged irregularities in FIPB clearance to a company in Aircel-Maxis matter arising out of the 2G spectrum cases.

Also Read: Delhi HC grants bail to Karti in INX Media money laundering case

Karti filed his plea seeking protection of arrest before Special Judge OP Saini in the Aircel-Maxis matter, in which the CBI and the Enforcement Directorate (ED) have lodged cases in 2011 and 2012 respectively.

 

The matter pertains to grant of Foreign Investment Promotion Board (FIPB) clearance to firm M/S Global Communication Holding Services Ltd for investment in Aircel.

The CBI had in August 2014 filed a charge sheet against former telecom minister Dayanidhi Maran, his brother Kalanithi and six others, including four firms for the alleged offences punishable under section 120-B (criminal conspiracy) of IPC and under relevant provisions of the Prevention of Corruption Act.

The CBI is probing how the then finance minister (Chidambaram himself) had granted Foreign Investment Promotion Board (FIPB) approval to a deal involving a foreign firm when only the Cabinet Committee on Economic Affairs (CCEA) was empowered to do so.

 

The CBI had claimed that M/s Global Communication Services Holdings Ltd had sought FIPB approval for USD 800 million for which only the CCEA was competent, but Chidambaram had given approval to the firm in March 2006.

(With inputs from PTI)

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT