Aircel Maxis Case: Enforcement Directorate Files Charge Sheet Against Karti Chidambaram

News World India | 0
| June 13 , 2018 , 16:42 IST

The Enforcement Directorate on Wednesday filed a charge-sheet in the Patiala House Court against Former Finance Minister P Chidambaram’s son Karti Chidambaram in the Aircel Maxis money laundering case.

The Directorate named Karti Chidambaram, Advantage Strategic Consultancy Pvt Ltd, Chess Management Services Pvt Ltd and its Director Annamalai Palaniappan in the charge sheet filed on Wednesday.

ED also named Ravi Viswanathan & Padma who were Directors of Advantage Strategic Consultancy Ltd.

Speaking to News World India, Special Public Prosecutor for ED Nitesh Rana confirmed that the ED has filed a charge-sheet against Karti in the Aircel Maxis Case.

ALSO READ: Aircel Maxis Case: Former Finance Minister P. Chidambaram Summoned By The ED Again

The Aircel-Maxis deal case came into view after the 2G spectrum cases. It pertains to an FIPB clearance to firm M/S Global Communication Holding Services Ltd for investment in Aircel.

The Central Bureau of Investigation (CBI) has accused Karti of taking illegal kickbacks from INX Media to get it Foreign Investment Promotion Board (FIPB) clearance to receive funds from abroad worth Rs 305 crore in 2007 during the regime of the Congress-led UPA government when his father P Chidambaram was the finance minister.

The ED had earlier allegedly questioned the approval granted by the Foreign Investment Promotion Board (FIPB) in 2006 by Chidambaram. They say it was beyond his power, as he was only authorized to grant approval on project proposals up to Rs 600 crores.