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

ANANYA BHATNAGAR | 0
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| June 12 , 2018 , 13:36 IST

Former Finance Minister P. Chidambaram was summoned by the Enforcement Directorate on Tuesday in connection to the Aircel Maxis money laundering case.

The former minister was earlier summoned by the court on June 5th, as a part of the proceedings of the Money Laundering Act. He was then summoned on June 6, a day after the previous questioning session.

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The Patiala House Court had earlier granted an interim protection to the former finance minister from arrest till July 10 in the Aircel Maxis case. The court, however, directed him to join the probe whenever required. This was the second time.

The Central Bureau of Investigation (CBI) has accused Karti of taking illegal service charges 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 Congress-led UPA government when his father P Chidambaram was the finance minister.

The ED, in September 2017, had attached Rs 1.16 crore worth of assets of Karti, who is being probed for allegedly receiving kickbacks in lieu of the FIPB clearance.

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The Aircel-Maxis deal case, which emerged out of 2G spectrum cases, pertains to a grant by the Foreign Investment Promotion Board (FIPB) to firm M/S Global Communication Holding Services Ltd for investment in Aircel.

The ED had earlier alleged that the FIPB approval granted in 2006 by Chidambaram was beyond his mandate as he was only authorized to accord approval on project proposals up to Rs 600 crore.