The Enforcement Directorate Files Charge sheet Against P Chidambaram In Aircel-Maxis Case

| October 25 , 2018 , 17:12 IST

The Enforcement Directorate (ED) on Thursday filed a charge sheet against former finance minister P Chidambaram in the Rs 3,500 crore Aircel-Maxis laundering case. Along with P Chidambaram, S Bhaskaraman and four Maxis companies were also been listed.

The CBI special court has fixed November 26 for consideration of the charge sheet in the case.

ED had filed the first charge sheet in the case against Chidambaram’s son Karti later, a supplementary charge sheet was also filed against him

The charge sheet also named Aircel Televentures Ltd., Augustus Ralph Marshall, a resident of Malaysia, and others as accused in the case under the provisions of the Prevention of Money Laundering Act (PMLA).

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The Central Bureau of Investigation (CBI) and the ED are investigating how Karti Chidambaram allegedly managed to get clearance from the Foreign Investment Promotion Board (FIPB) in the Aircel-Maxis deal when his father was the Union Finance Minister in 2006.

According to media reports ED while filing the second supplementary charge sheet said, "As per rules and FDI policy of Government of India in 2006, Chidambaram, the then Finance Minister was empowered to give approval of the foreign investment to the proposals involving foreign investment up to Rs 600 crore only. The foreign investment proposal of Global Communication and Services Holdings Limited should have been referred to Cabinet Committee on Economic Affairs (CCEA) but it was not done and approved by Chidambaram under a conspiracy."

"There are contradictory and evasive responses, in spite of that ED has collected materials that is corroboratory statements recorded under Section 50 of the PMLA from various persons during the investigation to substantiate the offence of money laundering," ED said.