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

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.

- Advertisement - - Article resumes -

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.


Share This Post and Support:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Most read articles recently

Pakistan funded Islamic terrorist blows up 300 kgs of IED, actor brings ‘Hindu right wing’ argument to shield Pakistan

Jaaved Jaaferi refuses to hold Pakistan accountable for the attack, instead equates Hindus with Jaish Terrorists.

Dear Gujarat Samachar editor, how do you live with yourself?

Gujarati daily's insensitive headline over Pulwama attack has got readers upset

Delhi’s education minister deletes tweet after being educated about electricity supply to Pakistan by Adani

Sisodia, without apologising or issuing a clarification, chose to quietly delete the tweet after being called out

NDTV suspends Deputy News Editor for celebrating Pulwama terror attack, may take further action

NDTV Deputy News Editor Nidhi Sethi suspended by the channel for her Facebook comment celebrating the Pulwama attack
Days after Pulwama attack, Kamal Haasan toes the Pakistan line

Kamal Haasan demands ‘referendum’ in Kashmir, terms Pakistan Occupied Kashmir as ‘Azad Kashmir’

Days after Pakistan sponsored Pulwama attack, Kamal Haasan has echoed the sentiments of terrorist state Pakistan when he sought a 'referendum' in Jammu and Kashmir

JNU ‘student’ who was accused of stealing funds in Kathua case found spreading rumours about Kashmiri girls trapped in Uttarakhand

CRPF also issued a notice that certain 'miscreants' on social media are spreading rumours and hate on social media
Congress mouthpiece National Herald whitewashes Pulwama terrorist Adil Ahmed Dar

More stories about terrorist and his family than martyrs – what does it tell about the media?

The English language Indian media has focused more on ‘human stories’ about the terrorist than about the Pulwama martyrs.

Pulwama attack: Justice doesn’t give a tiny rat’s furry posterior about the sensibility of elites who go where the money takes them

Pulwama attack victims' mortal remains weren't even cold yet. The candles lit by the nation has not even been blown out by a sorrowful sigh of the nation, that the vultures started circling the remains

Pulwama attack: Foreseeing strong and fast reaction from India, Pakistan relocates its terrorists nearer to Pak army camps

As per the report, Pakistan has not even vacated the winter posts along the LoC which it usually does.

Man whose number was made public by Barkha Dutt for stalking, claims he is getting threatening calls, says didn’t abuse Barkha

In her tweet, Barkha demanded the Home Minister of the country, Rajnath Singh, himself intervene in the matter which is routinely dealt with by local Police.

Latest articles

Connect with us

137,223FansLike
110,030FollowersFollow
23,029SubscribersSubscribe

Don't miss these