November 23, 2024 04:07 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
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.