Union Minister P Chidambaram Charged In Aircel Maxis Case

Union Minister P Chidambaram Charged In Aircel Maxis Case

Union Minister P Chidambaram Charged In Aircel Maxis Case 

New Delhi: P Chidambaram, the senior Congress leader and his son Karti Chidambaram have been named as accused in another chargesheet filed in the Rs. 3,500-crore Aircel-Maxis case. The former Union Minister was named as accused number 1 in the chargesheet, has been accused of money laundering. The Delhi High Court will consider the case on November 26.

The 72-year-old former minister and his son have denied any wrongdoing and attributed the cases to political vendetta by the NDA government.

Karti Chidambaram's accountant Bhaskar Raman is also among the nine persons named in the additional chargesheet.

The CBI says that as the Mr Chidambaram as the finance minister in Dr Manmohan Singh's government, had misused his office to clear foreign investment deals, for which his son Karti Chidambaram was given kickbacks.

The case has been investigated by the CBI and the ED have been investigating case, which involves the foreign investment clearance granted in 2006 for the Aircel-Maxis deal.

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As per the CBI, the Mauritius-based Global Communication Services Holdings -- a subsidiary of Maxis -- sought approval for an investment of 800 million dollars in Aircel.

The approval was expected to come from the Cabinet Committee on Economic Affairs, headed by PM Modi.

But instead, it came from the finance ministry, which only has the power to approve investments of smaller sums, upto Rs. 600 crore. At the time, Mr Chidambaram was Finance Minister in the Congress-led UPA government at the Centre.

It was also alleged by the CBI that after the approval was received, Aircel Televentures Limited paid Rs. 26 lakh to a company linked to the Union Minister's son.

Till November 1, the former Union Minister and his son have been given immunity from arrest by a Delhi court.

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