Aircel-Maxis case: CBI granted permission to prosecute P Chidambaram

Published: Nov 26, 2018, 15:00 IST | PTI |

Patiala House Court's Special Judge OP Saini took up the Aircel-Maxis case, which arose out of the 2G spectrum allocation scam case

P Chidambaram
P Chidambaram

The Central Bureau of Investigation (CBI) on Monday informed the Patiala House Court that it has been granted permission to prosecute former finance minister P Chidambaram in connection with the Aircel-Maxis case.

Patiala House Court's Special Judge OP Saini took up the Aircel-Maxis case, which arose out of the 2G spectrum allocation scam case. Solicitor General Tushar Mehta appeared for the CBI and the Enforcement Directorate (ED) and submitted that requisite sanction from the concerned authority has been received to prosecute Chidambaram in the matter.

Mehta further said that there were a total of 18 accused in the case and prosecution sanctions were needed for six of them. He added that efforts were being made to obtain prosecution sanctions in respect of other five accused.

Meanwhile, the court extended the interim protection granted to Chidambaram and his son, Karti, till December 18.

On Saturday, Chidambaram had denied all charges leveled by the CBI and said the decision of his arrest was "plainly motivated and totally untenable."

In his rejoinder submitted to the Patiala House Court, Chidambaram said that after he was granted interim protection on July 23 this year, a reason was "suddenly discovered" to arrest him without even having issued summons in the past four years.

The Aircel Maxis case emerged out of the 2G spectrum cases, pertaining to a grant of FIPB approval to firm M/S Global Communication and Services Holdings Limited, Mauritius for investment in Aircel.

The FIPB approval was allegedly granted in the year 2006 when Chidambaram was the finance minister. According to the rules and Foreign Direct Investment (FDI) policy of the government, Chidambaram was only empowered to give approval to proposals involving a foreign investment amount of up to Rs 600 crore. However, he reportedly approved the foreign investment proposal of Global Communication and Services Holdings Ltd worth Rs 3560 crore approximately.

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Except for the change in the headline, the story has been provided "AS-IS," "AS AVAILABLE, without any verification or editing from our side. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

Sign up for all the latest news, top galleries and trending videos from Mid-day.com

Subscribe
Loading...

Maharashtra Assembly Elections: Sachin Tendulkar, Deepika Padukone and others urge people to vote

NEXT STORY
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK