Thursday, July 9, 2020
Home News Reports CBI names Congressman and former Finance Minister P Chidambaram as a co-accused in Aircel-Maxis...

CBI names Congressman and former Finance Minister P Chidambaram as a co-accused in Aircel-Maxis case

Also Read

Former Finance Minister P Chidambaram’s ill-timed affirmations made on Twitter a short while ago, saying that “In the Aircel-Maxis case, there is no FIR mentioning a scheduled offence and no public servant has been named. ED is on a witch-hunt and the allegations will be answered in Court,” has fallen flat as recent media reports confirm that the former finance minister and a Congressmen is now an accused in the Aircel-Maxis case.

The senior Congress leader, his son Karti and 16 others have been charged by the Central Bureau of Investigation in the probe into suspected criminal misconduct related to approvals of investment deals.

This news comes as a big jolt to the Congress a day before the Lok-Sabha will witness a no-confidence vote against a ruling dispensation in the ongoing Monsoon Session of Parliament, as the name of the Congress Veteran and his son Karti Chidambaram, appear in the fresh chargesheet related to the Aircel-Maxis case.

The Central Bureau of Investigation and the Enforcement Directorate are investigating the foreign investment clearance granted in 2006 for the Aircel-Maxis deal when Chidambaram was the Finance Minister in the Congress-led UPA government at the centre.

According to the CBI, Mauritius-based Global Communication Services Holdings – a subsidiary of Maxis – sought approval for an investment of 800 million dollars in telecom carrier Aircel. The approval was expected to come from the Cabinet Committee on Economic Affairs or CCEA, headed by the Prime Minister. But it came from the then finance ministry, which only has the power to approve investments of smaller sums, up to Rs. 600 crore.

The agency alleged that after the approval was received, Aircel Televentures Limited paid a sum of 26 lakh to a company linked to Karti Chidambaram.

Subramanian Swamy, the anti-corruption crusader, and Rajya Sabha MP who has been very vocal slamming the Chidambaram’s for the fraudulence and had openly posted his reactions to the CBI raids, saying that Chidambaram indeed gave illegal FIPB clearances during his tenure as the finance minister and used his office to help promote his son Karti’s dubious business interests, exhibited extreme delight, as this news surfaced during the day.

Last month the enforcement directorate had filed a charge sheet against Chidambaram’s son Karti Chidambaram at Delhi’s Patiala House Court. According to reports, four other associates in his different business ventures are also charged under section 4 of Prevention of Money Laundering Act. Until this day though P Chidambaram’s name had appeared in various instances, he had not been named as an accused yet. Though the ED had specifically stated then that it might file a supplementary charge sheet in the case too.

The scam-ridden former Union Minister P. Chidambaram had moved an anticipatory bail plea at Patiala House Court in the Aircel-Maxis case at the end of May 2018. Following that, Delhi’s Patiala House Court has sought a reply from Enforcement Directorate (ED) on the anticipatory bail plea. Court had also given time to the ED to reply till 5th June and no coercive action could be taken against Chidambaram till then.

This year has not started well for the Chidambaram’s, with the father-son duo landing themselves in a catch-22 situation, with crises not seeming to seize for them and their family members. In the month of May, the Income Tax Department had filed four prosecution complaints against Karti Chidambaram, his mother Nalini and wife Srinidhi in a Chennai court. According to reports, the cases were filed under the Black Money Act.

The Chennai and Delhi homes of former Union minister P Chidambaram were raided by a team of Enforcement Directorate earlier this year in connection with the money laundering investigation in the Aircel-Maxis money laundering case.

Interestingly, with the departments, probing the Aircel-Maxis case, including P Chidambaram in the list of accused, it so seems that the father-son duo is giving tough competition to each other with Karti already facing probe and currently on bail in the INX Media case and also under probe in the Aircel-Maxis case.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

Trending now

Jammu and Kashmir: Ex-BJP district President Wasim Bari killed by terrorists, father and brother also murdered

Former BJP Bandipora President Wasim Bari killed by terrorists who shot at him outside his shop

Turkey govt plans to convert Byzantine cathedral Hagia Sophia into a mosque again. Read about this historical symbol of Muslim-Christian rivalry

Hagia Sophia, originally a Christian cathedral, was converted into a mosque and then into a museum, will be converted to mosque again

Only Muslims go to heaven, Ravish Kumar-like non-Muslims can only hope for a mild level of hell: Dr Zakir Naik explains

Naik said that virtues like honesty and charity cannot ensure qualifying marks for heaven or Jannah. Only Muslims can go to heaven and non-Muslims will go to hell by default, he says.

Muslims hurled abuses and casteist slurs, attacked us with sharp weapons: Mahadalits in Begusarai

Victim Shankar Paswan claimed that members of Muslim community addressed Mahadalits with casteist slurs before attacking them with weapons

No, Indian PUBG user did not make Chinese player say ‘Hindustan Zindabad’, Times Network’s website fell for satire

Times group's MensXP falls for satire, believes that Indian PUBG user made Chinese player say 'Hindistan Zindabad'

Jyoti Basu is the mass murderer India forgot

Please don’t feel bad about speaking ill of the Late Jyoti Basu. If there is another world, be certain that there are (at least) 28,000 voices from the other side backing you up.

Recently Popular

Australian surfer Carmen Greentree abducted and raped for 2 months in a houseboat in Kashmir in 2004, pressurised to convert to Islam

Carmen Greentree has penned a book titled "A Dangerous Pursuit of Happiness" narrating her abduction and rape in Kashmir.

Jyoti Basu is the mass murderer India forgot

Please don’t feel bad about speaking ill of the Late Jyoti Basu. If there is another world, be certain that there are (at least) 28,000 voices from the other side backing you up.

The dark, disturbing world of mean and hateful ‘sly’ Bollywood insider gossip featuring Rajeev Masand, PinkVilla and others

Following Sushant Singh Rajput's suicide, prominent film journalists and critics were accused of writing vile 'blinds' aka unverified, vile gossip.

Payal Rohatgi’s Twitter account suspended, the actress says she is being targeted by ‘liberals and extremists’

Payal Rohatgi has stated that her efforts to share facts has been projected in a bad light by liberals and extremists who control Twitter.

Only Muslims go to heaven, Ravish Kumar-like non-Muslims can only hope for a mild level of hell: Dr Zakir Naik explains

Naik said that virtues like honesty and charity cannot ensure qualifying marks for heaven or Jannah. Only Muslims can go to heaven and non-Muslims will go to hell by default, he says.

Veteran Bollywood actor Jagdeep dies at 81

Jagdeep is father of Bollywood actor Javed Jafri.

Jammu and Kashmir: Ex-BJP district President Wasim Bari killed by terrorists, father and brother also murdered

Former BJP Bandipora President Wasim Bari killed by terrorists who shot at him outside his shop

Watch: BJP’s Sambit Patra and Congress’ Gaurav Vallabh hurl Sukanya Devi and Ranga-Billa cases at each other in intense TV debate

When Congress spokesperson equated Rajnath Singh and Amit Shah with Ranga-Billa, BJP's Sambit Patra raised Sukanya Devi rape case

Indian Army decides to ban 89 apps for its personnel: Here are the details

Other than Chinese apps there are other few apps like Facebook, Instagram, etc which the Indian Army has also banned for its personnel

Mahesh Bhatt predicted her end, threw chappal at her: Kangana Ranaut’s team denies Pooja Bhatt’s claims about Bhatts helping Kangana

Bollywood has always preferred to promote its own progeny and by denying, Pooja Bhatt is running away from the undeniable fact

Turkey govt plans to convert Byzantine cathedral Hagia Sophia into a mosque again. Read about this historical symbol of Muslim-Christian rivalry

Hagia Sophia, originally a Christian cathedral, was converted into a mosque and then into a museum, will be converted to mosque again

UP police arrest suspended SHO Vinay Tiwari and KK Sharma for tipping Vikas Dubey about the raid

UP police arrested suspended SHO Tiwari and Beat In-charge Sharma of Chaubeypur police station for tipping Vikas Dubey ahead of police raid.

Only Muslims go to heaven, Ravish Kumar-like non-Muslims can only hope for a mild level of hell: Dr Zakir Naik explains

Naik said that virtues like honesty and charity cannot ensure qualifying marks for heaven or Jannah. Only Muslims can go to heaven and non-Muslims will go to hell by default, he says.

Muslims hurled abuses and casteist slurs, attacked us with sharp weapons: Mahadalits in Begusarai

Victim Shankar Paswan claimed that members of Muslim community addressed Mahadalits with casteist slurs before attacking them with weapons

Viśiṣṭvividhīkaran: Sanatan Dharma and Qualified Diversification

Sanatan Dharma has been a coming together of Diversification and paths to the Truth, with various sects and traditions over the millennia

Connect with us

235,209FansLike
401,340FollowersFollow
271,000SubscribersSubscribe