Aircel Maxis Deal

A Delhi court on Monday extended till May 30 the interim protection from arrest granted to former Union Minister P Chidambaram and his son Karti in Aircel-Maxis cases by CBI and ED.

P Chidambaram, former Finance Minister and a senior Congress leader, was named as "Accused no 1" for money-laundering in the Aircel-Maxis case involving foreign investment approvals that were allegedly illegal. He and his son Karti Chidambaram, and also his accountant, are among nine accused in a chargesheet filed by the Enforcement Directorate. Mr...

A Delhi court today granted seven weeks to the CBI to obtain sanction to prosecute former Union minister P Chidambaram and other serving or former public servants in the Aircel-Maxis deal case.

A Delhi court today granted two months' time to the CBI for obtaining sanction from authorities concerned to prosecute certain accused in a case against former Union minister P Chidambaram and his son Karti Chidambaram.

Senior Congress leader P Chidambaram has accused the Enforcement Directorate (ED) of carrying out a witch-hunt against him in the Aircel-Maxis case, saying he has not been named in the FIR and the allegations will be answered in court.

Senior Congress leader P Chidambaram, who was questioned by the Enforcement Directorate in connection with the Aircel-Maxis money laundering case today, said all the answers he gave to the probe agency were already recorded in government documents.

The Supreme Court has given the Central Bureau of Investigation and the Enforcement Directorate, a six-month deadline to complete the investigations into the cases linked to the 2G scam, including the Aircel-Maxis deal.

CJI Dipak Misra today recused himself from hearing the pleas of Karti Chidambaram, son of former Union Minister P Chidambaram, and two firms challenging Enforcement Directorate's decision to provisionally attach their properties in connection with a money laundering probe in the Aircel-Maxis deal case.

The Enforcement Directorate (ED) today conducted raids in Chennai and Kolkata, including at the premises of a relative of former finance minister P Chidambaram, in connection with the money laundering probe in the Aircel-Maxis case, official sources said.

The CBI has summoned Karti Chidambaram, son of former finance minister P Chidambaram, in connection with its probe into the Foreign Investment Promotion Board (FIPB) clearance given to the Aircel-Maxis deal in 2006.

Former Finance Minister P Chidambaram has said that in 2006 he approved the sale of telecom company Aircel to a Malaysian group "in the normal course of business." The deal is being investigated for money-laundering and corruption by the CBI as well as the Enforcement Directorate or ED, which handles financial crimes.

A special court has said it will pronounce on February 2 its order on framing of charges against former Telecom Minister Dayanidhi Maran, his brother Kalanithi Maran and others in the Aircel-Maxis deal cases lodged by the CBI and the Enforcement Directorate (ED).

Airwaves granted to telecom operator Aircel could be cancelled if two executives at Malaysian parent Maxis Bhd do not appear at a trial court, the Supreme Court warned on Friday. The court, led by Chief Justice JS Khehar, also barred Aircel from transferring the ownership of its airwaves while a corruption case centred on a past deal involving the ...

It has been alleged that Marans had coerced C Sivasankaran, then owner of Aircel, to sell his shares to T Ananda Krishnan, who was the promotor of Malaysian company, Maxis.

Billionaire Anil Ambani's Reliance Communications Ltd will combine its wireless business with smaller rival Aircel to create India's third-biggest cellular carrier by subscribers, the companies said on Wednesday, as intensifying competition fuels consolidation in the world's second-biggest telecom market.

A Delhi court on Monday extended till May 30 the interim protection from arrest granted to former Union Minister P Chidambaram and his son Karti in Aircel-Maxis cases by CBI and ED.

P Chidambaram, former Finance Minister and a senior Congress leader, was named as "Accused no 1" for money-laundering in the Aircel-Maxis case involving foreign investment approvals that were allegedly illegal. He and his son Karti Chidambaram, and also his accountant, are among nine accused in a chargesheet filed by the Enforcement Directorate. Mr...

A Delhi court today granted seven weeks to the CBI to obtain sanction to prosecute former Union minister P Chidambaram and other serving or former public servants in the Aircel-Maxis deal case.

A Delhi court today granted two months' time to the CBI for obtaining sanction from authorities concerned to prosecute certain accused in a case against former Union minister P Chidambaram and his son Karti Chidambaram.

Senior Congress leader P Chidambaram has accused the Enforcement Directorate (ED) of carrying out a witch-hunt against him in the Aircel-Maxis case, saying he has not been named in the FIR and the allegations will be answered in court.

Senior Congress leader P Chidambaram, who was questioned by the Enforcement Directorate in connection with the Aircel-Maxis money laundering case today, said all the answers he gave to the probe agency were already recorded in government documents.

The Supreme Court has given the Central Bureau of Investigation and the Enforcement Directorate, a six-month deadline to complete the investigations into the cases linked to the 2G scam, including the Aircel-Maxis deal.

CJI Dipak Misra today recused himself from hearing the pleas of Karti Chidambaram, son of former Union Minister P Chidambaram, and two firms challenging Enforcement Directorate's decision to provisionally attach their properties in connection with a money laundering probe in the Aircel-Maxis deal case.

The Enforcement Directorate (ED) today conducted raids in Chennai and Kolkata, including at the premises of a relative of former finance minister P Chidambaram, in connection with the money laundering probe in the Aircel-Maxis case, official sources said.

The CBI has summoned Karti Chidambaram, son of former finance minister P Chidambaram, in connection with its probe into the Foreign Investment Promotion Board (FIPB) clearance given to the Aircel-Maxis deal in 2006.

Former Finance Minister P Chidambaram has said that in 2006 he approved the sale of telecom company Aircel to a Malaysian group "in the normal course of business." The deal is being investigated for money-laundering and corruption by the CBI as well as the Enforcement Directorate or ED, which handles financial crimes.

A special court has said it will pronounce on February 2 its order on framing of charges against former Telecom Minister Dayanidhi Maran, his brother Kalanithi Maran and others in the Aircel-Maxis deal cases lodged by the CBI and the Enforcement Directorate (ED).

Airwaves granted to telecom operator Aircel could be cancelled if two executives at Malaysian parent Maxis Bhd do not appear at a trial court, the Supreme Court warned on Friday. The court, led by Chief Justice JS Khehar, also barred Aircel from transferring the ownership of its airwaves while a corruption case centred on a past deal involving the ...

It has been alleged that Marans had coerced C Sivasankaran, then owner of Aircel, to sell his shares to T Ananda Krishnan, who was the promotor of Malaysian company, Maxis.

Billionaire Anil Ambani's Reliance Communications Ltd will combine its wireless business with smaller rival Aircel to create India's third-biggest cellular carrier by subscribers, the companies said on Wednesday, as intensifying competition fuels consolidation in the world's second-biggest telecom market.