Tightening The Screws? After CBI, ED Files Chargesheet Against P Chidambaram In Aircel-Maxis Case Senior Congress leader P Chidambaram (Mohd Zakir/ Hindustan Times via Getty Images)

The Enforcement Directorate on Thursday (25 October) filed a supplementary chargesheet in Delhi’s Patiala court which named former Finance Minister P Chidambaram as an accused in the Aircel-Maxis case, reports The Times of India.

This development comes after the Central Bureau of Investigation named him and his son Karti Chidambaram in its supplementary chargesheet a few months back. The agency, in its chargesheet claimed that a company owned by Chidambaram’s son Karti Chidambaram and relative A Palaniappan had received $194,831 from associate companies of the Maxis group.

The Enforcement Directorate (ED) has listed a total nine people including P Chidambaram as accused in chargesheet. Chidambaram’s chartered accountant has also been named. They have been accused of laundering Rs 1.16 crore in exchange of illegal FIFB approval given by Chidambaram.

As per the ED chargesheet, Chidambaram was only empowered to give a foreign investment approval up to Rs 600 crore and the approval to the M/S Global Communication Holding Services Ltd for investment in Aircel was beyond his mandate. It as per the law required an approval from the Cabinet Committee on Economic Affairs (CCEA).

The court would take up this chargesheet on 26 November.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement