Gave approval to Aircel-Maxis deal in normal course of business: Chidambaram
7 years, 11 months ago

Gave approval to Aircel-Maxis deal in normal course of business: Chidambaram

The Hindu  

Former Union Finance Minister P. Chidambaram on Tuesday said he had granted approval to the Aircel-Maxis deal “in the normal course of business.” “In the Aircel-Maxis case, taking into account the face value of the foreign investment, the FIPB submitted the case to the Finance Minister and sought approval. Mr. Chidambaram’s remarks comes a day after the Supreme Court asked the CBI to file a status report on the probe being carried out on various aspects of the Aircel-Maxis deal. During the brief hearing on Monday, BJP leader Subramanian Swamy told the Bench that he has received a reply from the CBI stating that it was probing “all angles”, including the FIPB clearance given to the deal by Mr. Chidambaram in 2006. Everyone, including the then Secretary and Additional Secretary, has affirmed that the case was rightly submitted to the Finance Minister, who was the competent authority to grant approval and that the approval was granted in the normal course of business,” Mr. Chidambaram said.

History of this topic

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