November 05, 2024 20:14 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
Enforcement Directorate summons K Chidambaram in Aircel-Maxis case

Enforcement Directorate summons K Chidambaram in Aircel-Maxis case

| | 05 Jul 2016, 01:26 pm
New Delhi, July 5 (IBNS): The Enforcement Directorate (ED) on Tuesday summoned Karti Chidambaran, son of former Union minister P Chidambaram, over his alleged role in the Aircel-Maxis case.
The ED is looking if Chidambaram's firm was involved in the alleged transactions.
 
According to records, C Sivashankaran, the then owner of Aircel was forced to sell his company to T Ananda Krishnan, a Malaysian tycoon, by former Telecom Minister Dayanidhi Maran.
 
CBI launched an investigation and reported that returning the favour, nearly 47 crore was invested by Maxis in Sun Group, owned by Maran's brother Kalnithi.
 
As the deal was executed, Chidambaram's firm allegedly received a sum of money for facilitating the process.
 
The sale of Aircel was cleared by the Finance Ministry, which was then headed by P Chidambaram.
 
Responding to the summons, Karti has said that it will take some time for him to gather all the documents the ED wants him to show.
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.