Aircel-Maxis case: CBI, ED get time till May 4 to complete probe

P Chidambaram
A Delhi court on Thursday granted time till May 4 to the CBI and ED to complete probe in the Aircel-Maxis matter against former Union Minister P Chidambaram and his son Karti.

The Enforcement Directorate told Special Judge Ajay Kumar Kuhar that Letters Rogatory (LRs) have been sent to four countries and their response were awaited in connection with the case.

LR is issued by courts on the request of an investigation agency when it wants information from another country. The ED had on February 14 filed status reports of investigation in the cases and said active investigation into the matter was going on, while the CBI had stated that LR has been sent to Malaysia and the response is awaited.

The CBI status report had stated that LR had been sent to Malaysia and there were developments in the case. The court had on January 28 "revived" the Aircel-Maxis cases filed by the Central Bureau of Investigation and the Enforcement Directorate against Chidambaram and his son that were earlier adjourned 'sine die'.

The case was adjourned 'sine die' -- without fixing any date for hearing -- on September 5 last year with the court noting that the two probe agencies were seeking "adjournment after adjournment".

The trial court took up the matter on its own on January 28 and sought the status report from the CBI and the ED. They, however, sought more time and the court granted them two weeks.

The court had also granted anticipatory bail to the father-son duo. It has been challenged in the Delhi High Court, which will hear the matter on March 4.

The probe agencies were investigating how Karti Chidambaram received clearance from the Foreign Investment Promotion Board (FIPB) for the Aircel-Maxis deal in 2006 when his father was the Union finance minister.

The CBI and the ED had alleged that P Chidambaram, as finance minister during the United Progressive Alliance rule, granted approval to the deal beyond his capacity benefitting certain persons, and received kickbacks.



Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel