Saturday, March 6, 2021
Home Crime Aircel-Maxis Case: As CBI gets sanction from centre to prosecute, NSE Chairman Ashok Chawla...

Aircel-Maxis Case: As CBI gets sanction from centre to prosecute, NSE Chairman Ashok Chawla resigns

As per revised rules, senior government officials covering positions of joint secretary and above cannot be prosecuted without the approval of the Centre, whether or not the officials are still in active service.

On Friday, Ashok Chawla resigned as the chairman of the National Stock Exchange(NSE) hours after the Central Bureau of Investigation (CBI) informed the court that the Centre has granted sanction to prosecute him in the Aircel-Maxis case.

According to the reports, the CBI on Friday had submitted before a special CBI court that it had got sanction from the government to prosecute five bureaucrats, including few serving officers for their alleged involvement in the Aircel-Maxis case. Following the centre’s sanction for prosecution, Ashok Chawla resigned from the post of NSE Chairman.

The NSE has issued a statement on Friday night saying, “Public Interest Director/ Chairman of the Board of Directors of the National Stock Exchange of India Ltd with immediate effect in light of recent legal developments”.

Addition to Chawla, Former economic affairs secretary- Ashok Jha, Kumar Sanjay Krishna, a former joint secretary in the finance ministry, Dipak Kumar Singh, a former director in the finance ministry and Ram Sharan, former under-secretary in the finance ministry have also been under the scanner for their alleged role in the Aircel-Maxis deal. Reportedly, out of the five, three are still serving working with various government departments while other two have retired.

Earlier, the special court had granted two months time to the CBI to obtain the necessary sanction from the centre to prosecute the officials. As per revised rules, senior government officials covering positions of joint secretary and above cannot be prosecuted without the approval of the Centre, whether or not the officials are still in active service.

Ashok Chawla, former finance secretary had taken over as the chairman of the NSE on March 28, 2016. Prior to his appointment, he had also served as civil aviation secretary and chairperson of the Competition Commission of India (CCI), among other roles. Chawla quit as Yes Bank chairman in November last year.

The CBI in July had filed charge sheet against former Union minister P Chidambaram, his son Karti and other 10 individuals, including few public servants and six companies for their alleged irregularities and criminal conspiracy in the Aircel-Maxis deal case.

The Centre had also given approval to the CBI to prosecute former union minister P Chidambaram. The CBI also informed the court they have additional evidence to prove that P Chidambaram and his son Karti Chidambaram closed bank accounts in foreign countries after charge-sheet was filed in the case.

The CBI is probing alleged irregularities in grant of FIPB approval in Aircel-Maxis deal, while the ED is probing alleged money-laundering related to the deal. It is accused that Chidambaram misused his capacity as finance minister in the UPA government to illegally grant FIPB approvals, and in exchange his son, Karti Chidambaram was given kickbacks.

The FIPB approval was given to Malaysia’s Maxis for buying Indian telecom company Aircel for ₹3,500 crore in 2006. According to FIPB rules applicable at that time, Cabinet Committee on Economic Affairs (CCEA) should sanction foreign investment of such value, but the approval was given by the Finance Minister without referring it to CCEA. After the FIPB approval, Aircel allegedly paid Karti ₹26 crore through a company linked to him.

  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

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Violence in Bengal, election rigging, misgiving of Congress, Abbas Siddiqui, COVID-19 and China: CPI (M) leader Rabin Deb talks to OpIndia

Rabin Deb, one of the tallest leaders in West Bengal of the CPI (M) talks to OpIndia ahead of the 2021 elections, TMC and BJP

Antilia bomb scare: Mansukh Hiren had written to Maharashtra CM and others alleging harassment by police and journalists. Read details

Two days before Mansukh Hiren had gone missing, he had sent a letter to Maharashtra CM, HM, and the police alleging mental harassment

NCPCR to take action against Christian NGO Persecution Relief for tarnishing the reputation of India

NCPCR said that Persecution Relief published a false report about the abuse of Child protection law in India and shared it in 150 countries

After IT raids, Taapsee Pannu suffers a meltdown and admits that she was questioned about cash receipts of Rs 5 crores

Taapsee Pannu attempted to take a sly at Finance Minister Nirmala Sitharaman for simply clarifying the facts about the raids

Watch: ‘Farmers’ bully and pounce on a young girl as she confronts Rakesh Tikait on Republic Day riots

When the girl questioned Rakesh Tikait over the Republic Day riots, farmer leaders on the stage snatched away the microphone from her

‘Haram or Halal, TMC wants only money’, says West Bengal Congress leader Haji Mohabbat Khan in an interview with OpIndia

The Congress leader said that if 'communal BJP' has to be stopped from winning in West Bengal, then Congress is the only hope

Recently Popular

Kiren Rijiju gives befitting reply to ‘befitting reply queen’ Taapsee Pannu’s boyfriend, who wanted the law to bend to his whims

Matthias Boe, boyfriend of actress Taapsee Pannu, had appealed to Kiren Rijiju to 'do something' to help the actress.

Indian Govt should ask badminton coach and Taapsee Pannu’s boyfriend Mathias Boe to quietly do his job or quit

Mathias Boe had tweeted tagging Minister Kiren Rijiju, asking him to do 'something' about the IT raids on his girlfriend Taapsee Pannu

After IT raids, Taapsee Pannu suffers a meltdown and admits that she was questioned about cash receipts of Rs 5 crores

Taapsee Pannu attempted to take a sly at Finance Minister Nirmala Sitharaman for simply clarifying the facts about the raids

Crores of undisclosed income, unexplained cash receipts and more: IT Dept discovery so far in raids against Anurag Kashyap, Taapsee Pannu

Income Tax department (IT dept) conducted raid on properties linked to filmmaker Anurag Kashyap, actress Taapsee Pannu and others

‘Does money in Bollywood come from Ganga?’: Shiv Sena mouthpiece claims Taapsee Pannu, Anurag Kashyap targeted for supporting ‘farmer protests’

The Saamana editorial asked why only Taapsee Pannu and Anurag Kashyap were targeted and not other Bollywood celebrities.

Her husband used to talk vulgar to girlfriend in front of her: Here is what the lawyer of Ayesha, who jumped into Sabarmati river,...

Ayesha, who committed suicide by jumping into the Sabarmati River in Gujarat on March 1, had a disquiet marital life
- Advertisement -

 

Connect with us

253,231FansLike
522,207FollowersFollow
23,800SubscribersSubscribe