7 years, 11 months ago

Aircel-Maxis case: Chidambaram says gave approval in normal course of business

Chennai: 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. During the brief hearing on Monday, BJP leader Subramanian Swamy had told the bench that he has received a reply from CBI stating that it was probing “all angles”, including the FIPB clearance given to the deal by the then finance minister Chidambaram in 2006. He claimed that the former finance minister had given FIPB clearance to a deal that should have been referred to the Cabinet Committee on Economic Affairs, headed by the Prime Minister, as it alone was empowered to clear foreign investments of over Rs600 crore. FIPB clearance was given by the then finance minister, who should have sent it to the CCEA as the investment was way over ₹ 600 crore,” he had said.

Case Minister Cbi Chidambaram Normal Course Fipb Fipb Clearance investment approval aircelmaxis report cbi deal gave course chidambaram case minister fipb finance business normal clearance

History of this topic

4 months ago

Aircel-Maxis case: Delhi HC stays trial court proceedings against Chidambaram

Deccan Chronicle

New Delhi: The Delhi High Court on Wednesday stayed the trial court proceedings against senior Congress leader P Chidambaram in the Aircel-Maxis case lodged by the Enforcement Directorate.The high court also issued notice to the Enforcement Directorate and sought its response on Chidambaram's petition challenging the trial court's order taking cognisance of the chargesheet filed by the agency against him …

4 months ago

Aircel-Maxis money laundering case: Delhi HC stays trial court proceedings against P Chidambaram | Details

India TV News

Aircel-Maxis money laundering case: The Delhi High Court on Wednesday stayed the trial court proceedings against senior Congress leader P Chidambaram in the Aircel-Maxis money laundering case. Chidambaram through Senior Advocate N Hariharan assisted by advocates Arshdeep Singh Khurana And Akshat Gupta stated that trial Court Judge, in the Impugned order, erred in taking cognizance of the of the offence …

5 years, 1 month ago

Aircel-Maxis case: CBI, ED get time till 4 May to complete probe against P Chidambaram, son Karti

Firstpost

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. New Delhi: A Delhi court on Thursday granted time till 4 May to the CBI and ED to complete the probe in the Aircel-Maxis matter against former …

5 years, 5 months ago

Aircel Maxis : Delhi HC Issues Notice To Chidambarams In ED's Plea Against Pre-Arrest Bail

Live Law

The Delhi High Court on Friday issued notice to former Union Finance Minister P Chidambaram and his son Karti Chidambaram in the appeal filed by Enforcement Directorate against the pre-arrest bail granted to both in the Aircel Maxis case.Appearing for the Enforcement Directorate, Solicitor General Tushar Mehta argued that the Special CBI Judge did not consider the judgment of the …

5 years, 6 months ago

FIPB Clearances Given As Per Existing Legal And Policy Framework : Chidambaram Files Rejoinder In INX Media Case

Live Law

P Chidambaram has a filed a rejoinder in response to the counter-affidavit submitted by the CBI in the matter pertaining to his bail in the INX Media case, before the Delhi High Court. CBI in its counter affidavit had stated that since the Petitioner has allegedly misused a public office to commit embezzlement of grave magnitude, and that too with …

5 years, 6 months ago

Charges against me not even economic offence: Chidambaram

India TV News

Former Finance Minister P. Chidambaram on Wednesday moved the Delhi High Court seeking bail and challenging a lower court's order sending him to judicial custody saying the case against him was "political vendetta" as the charges against him do not even make an economic offence nor was there any loss to the exchequer nor was it a bank fraud. "In …

5 years, 6 months ago

Chidambaram Moves Delhi HC Seeking Regular Bail In INX Media Case

Live Law

Former Union Finance Minister P Chidambaram has approached the Delhi High Court seeking regular bail in the case registered by CBI in relation to INX Media transaction.Chidambaram is at present lodged in Tihar Jail, Delhi, with the CBI Court remanding him to judicial custody till September 19 on September 5, after 15 days of CBI custody. Former Union Finance Minister …

5 years, 6 months ago

CBI court adjourns hearing in Aircel-Maxis case

Live Mint

New Delhi: A special court on Friday adjourned hearing in the Aircel-Maxis case which involves senior Congress leader P. Chibambaram and his son Karti Chidambaram sine die, while observing that the Central Bureau of Investigation and Enforcement Directorate have been seeking repeated adjournments. Judge OP Saini adjourned the matter without giving a date for next hearing, saying that the prosecution …

5 years, 6 months ago

Aircel Maxis case: Special court grants anticipatory bail to Chidambarams

Live Mint

A special Central Bureau of Investigation court on Thursday granted anticipatory bail to senior Congress leader and former Union minister P. Chidambaram and his son Karti Chidambaram in the Aircel-Maxis case. “Considering the distance of time between the commission of the alleged crime and the filing of the instant applications, as well as the unexplained delay in investigation, and there …

5 years, 6 months ago

Aircel-Maxis case: Delhi court reserves order on anticipatory bail plea of P Chidambaram, son Karti for 5 Sep

Firstpost

The cases relate to alleged irregularities in grant of Foreign Investment Promotion Board approval in the Rs 3,500-crore Aircel-Maxis deal when P Chidambaram was finance minister New Delhi: A Delhi court on Monday reserved for 5 September its order on the anticipatory bail pleas of Congress leader P Chidambaram and his son Karti in the Aircel-Maxis cases lodged by the …

5 years, 6 months ago

Special court to hear ED, CBI's arguments for Chidambaram and son Karti's anticipatory bail plea in connection to Aircel-Maxis case today

Firstpost

A special court will hear the ED and CBI’s arguments and submission in anticipatory bail plea moved by P Chidambaram and his son Karti in connection with the Aircel-Maxis case. New Delhi: A special court will hear the Enforcement Directorate and Central Bureau of Investigation’s arguments and submission in anticipatory bail plea moved by senior Congress leader and former union …

5 years, 7 months ago

P Chidambaram blames IAS officers for illegal FIPB approvals, says he didn’t see the files

Op India

Former union finance and home minister P Chidambaram, who is being interrogated in custody by the Central Bureau of Investigation, has blamed IAS officers for illegal FIPB approvals that have landed him in trouble. The senior Congress leader is accused of granting illegal FIPB approval for foreign investment into six companies including INX Media and Aircel Maxis, and laundering the …

5 years, 7 months ago

CBI interrogators focus on 3 questions after arresting P Chidambaram

Hindustan Times

Central Bureau of Investigation officers who questioned former finance and home minister and senior Congress leader P Chidambaram focused on three aspects, senior agency officials said on condition of anonymity: his meeting with Indrani Mukerjea and Peter Mukerjea at his North Block office sometime in April or May 2007 following which INX Media got FIPB approval for investment from Mauritius …

5 years, 7 months ago

CBI arrests P Chidambaram from Delhi residence; ED widens probe as four more FIPB approvals come under scanner

Firstpost

Troubles are set to increase for former finance minister P Chidambaram, who was arrested in INX Media case on Wednesday, with ED suspecting him of having favoured four other companies during his tenure New Delhi: After 24 hours of high drama and chase across the capital city, the Central Bureau of Investigation arrested senior Congress leader P Chidambaram Wednesday evening …

5 years, 7 months ago

INX Media case: Bid to legalise dubious FDI as finance minister to help son Karti puts P Chidambaram in dock

Firstpost

The senior Congress leader suffered twin setback on Tuesday when Delhi High Court first rejected his plea and subsequently the apex court asked him to move the appeal on Wednesday. New Delhi: Former finance minister P Chidambaram is untraceable after Supreme Court turned down his plea for urgent hearing of his anticipatory bail application in INX media case. The FIPB …

5 years, 7 months ago

Court extends Chidambaram’s interim protection in Aircel-Maxis deal

Live Mint

New Delhi: The Rouse Avenue court in Delhi on Thursday extended the interim protection from arrest to former Union minister P Chidambaram and his son Karti Chidambaram in the case dealing with alleged irregularities in approval by the Foreign Investment Promotion Board to the Aircel-Maxis deal and posted the matter on August 9. Special Judge O P Saini extended the …

5 years, 9 months ago

CVC Seeks Nod to Prosecute Ex-Niti Aayog Chief for Alleged Graft

The Quint

During the probe, the investigating agencies claimed to have found the role of these serving and retired bureaucrats, hence the sanction from appropriate government authorities was required to prosecute them, the officials said. An FIR was filed by the CBI on 15 May 2017, alleging irregularities in the FIPB clearance to INX Media for receiving overseas funds in 2007 when …

6 years, 1 month ago

Law ministry grants CBI sanction to prosecute P Chidambaram in INX media money laundering case

Firstpost

On 25 January, the investigative agency told the Delhi High Court that it wanted to carry out custodial interrogation of P Chidambaram in the case, in which the court had reserved its judgment. New Delhi: The law ministry granted sanction to the Central Bureau of Investigation to prosecute former finance minister P Chidambaram in connection with the INX media case, …

6 years, 2 months ago

Aircel-Maxis Case: As CBI gets sanction from centre to prosecute, NSE Chairman Ashok Chawla resigns

Op India

On Friday, Ashok Chawla resigned as the chairman of the National Stock Exchange hours after the Central Bureau of Investigation informed the court that the Centre has granted sanction to prosecute him in the Aircel-Maxis case. Addition to Chawla, Former economic affairs secretary- Ashok Jha, Kumar Sanjay Krishna, a former joint secretary in the finance ministry, Dipak Kumar Singh, a …

6 years, 2 months ago

INX Media case: Chidambaram appears before ED

India TV News

INX Media case: Chidambaram appears before ED An ED official said that the former leader was summoned last month by the agency for questioning. Former Finance Minister P. Chidambaram on Monday appeared for questioning before the Enforcement Directorate, which is probing his role in the INX media money laundering case for giving a Foreign Investment Promotion Board clearance to the …

6 years, 4 months ago

Aircel-Maxis case: CBI gets govt nod to prosecute Chidambaram

Live Mint

New Delhi: The government has given the Central Bureau of Investigation the go-head to prosecute former finance minister P. Chidambaram in the Aircel-Maxis case. Solicitor General Tushar Mehta told the Patiala House court in New Delhi that the CBI had received the centre’s sanction to prosecute Chidambaram. The CBI charged the senior Congress leader with having received kickbacks in the …

6 years, 4 months ago

Aircel-Maxis case: CBI Gets Sanction To Prosecute Former Union Minister P Chidambaram

Live Law

The sanction required to prosecute former Union Home/Finance Minister P Chidambaram in the Aircel-Maxis case has been obtained from the authorities concerned, the CBI told a court on Monday.The court, which further extended the protection from arrest to Chidambaram and his son Karti till December 18, also granted three weeks to the agency to get sanction against some other people …

6 years, 4 months ago

CBI gets sanction to prosecute P Chidambaram in Aircel-Maxis case

Op India

In an important development in the ongoing investigations into the Aircel-Maxis case, the union government has granted its sanction to CBI to prosecute former union minister P Chidambaram. Appearing on behalf CBI and ED before Patiala House Court’s Special Judge OP Saini, Solicitor General Tushar Mehta informed the court that required sanction from the appropriate authority has been received to …

6 years, 4 months ago

Aircel-Maxis case: Chidambaram files rejoinder, dismisses CBI's allegations, calls them 'false', 'baseless'

India TV News

Senior Congress leader and former Union Minister P Chidambaram on Saturday filed a rejoinder in a Delhi court, responding to allegations levelled by the Central Bureau of Investigation in connection with the Aircel-Maxis Case. “The averments that the applicant had usurped the power of the Cabinet Committee of Economic Affairs, unlawfully granted the FIPB approval to Global Communication Services Ltd, …

6 years, 4 months ago

Aircel-Maxis case: Delhi court extends protection from arrest to Chidambaram, son till Nov 26

Live Mint

New Delhi: A Delhi court on Thursday extended till November 26 the protection from arrest to former Union minister P Chidambaram and his son Karti in the Aircel-Maxis case filed by the CBI and the ED. Additional solicitor general Tusshar Mehta, appearing for the CBI and the ED, told CBI special judge O P Saini: “We have to meet a …

6 years, 6 months ago

P Chidambaram’s claims fall flat as CBI accuses him of ‘wilfully ignoring rules’ in Aircel-Maxis case

Op India

The scam-ridden, former Finance Minister, P Chidambaram, who has been in news for his unlawful involvement in the Aircel-Maxis case for quite some time now, and has been for all this while making false affirmations defending himself, has been denounced as a ‘willful lawbreaker’ in the charge sheet filed by the CBI last month. Coming as a hard blow to …

6 years, 7 months ago

ED questions Chidambaram in Aircel-Maxis PMLA case

Live Mint

New Delhi: The Enforcement Directorate on Friday questioned former finance minister P Chidambaram in the Aircel-Maxis money laundering case, officials said. The Aircel-Maxis cases pertains to the Foreign Investment Promotion Board’s clearance to firm M/S Global Communication Holding Services Ltd in 2006 for investment in Aircel. The Supreme Court had on March 12 directed investigating agencies, the CBI and the …

6 years, 8 months ago

Delhi High Court grants interim protection to P Chidambaram in INX media case

India TV News

The Delhi High Court on Wednesday granted interim protection to former Finance Minister P Chidambaram in the INX Media money laundering case till August 1. Justice A K Pathak directed the Enforcement Directorate not to take any coercive steps against Chidambaram in the case till August 1, the next date fixed for hearing. The Enforcement Directorate and the Central Bureau …

6 years, 8 months ago

P Chidambaram Gets Anticipatory Bail From Delhi Court

Live Law

Former Union Finance Minister P Chidambaram has got protection from arrest in the multi-crore Aircel-Maxis and INX Media case with a Delhi court granting him anticipatory bail on Monday.Special CBI judge OP Saini granted the relief to Chidambaram who has been named as an accused along with his son Karti in the charge sheet filed by the CBI on July …

6 years, 8 months ago

Aircel-Maxis case: Delhi court grants Chidambaram protection from arrest till August 7

India TV News

Former Union minister P Chidambaram was on Monday granted interim protection from arrest till August 7 in Aircel-Maxis case. Chidambaram and his son Karti Chidambaram were named in a charge sheet filed by the CBI in the case on July 19. In its charge sheet filed earlier in the case against former telecom minister Dayanidhi Maran, his brother Kalanithi Maran …

6 years, 8 months ago

CBI names Congressman and former Finance Minister P Chidambaram as a co-accused in Aircel-Maxis case

Op India

Former Finance Minister P Chidambaram’s ill-timed affirmations made on Twitter a short while ago, saying that “In the Aircel-Maxis case, there is no FIR mentioning a scheduled offence and no public servant has been named. — Subramanian Swamy July 19, 2018 Last month the enforcement directorate had filed a charge sheet against Chidambaram’s son Karti Chidambaram at Delhi’s Patiala House …

6 years, 8 months ago

Aircel-Maxis: Court to consider charge sheet against Karti Chidambaram on July 6

India TV News

Aircel-Maxis: Court to consider charge sheet against Karti Chidambaram on July 6 The court, which was scheduled to take up the matter for consideration on Wednesday, posted it as the concerned judge was on leave. A Delhi court will consider on Friday a charge sheet against former union minister P Chidambaram's son Karti in the Aircel-Maxis money laundering case filed …

6 years, 9 months ago

Aircel-Maxis deal case: ED chargesheets Karti Chidambaram; Delhi court to hear matter on 4 July

Firstpost

The Central Bureau of Investigation and the ED are investigating Karti Chidambaram’s alleged role in getting Foreign Investment Promotion Board clearance in the Aircel-Maxis deal when his father P. Chidambaram was the Union Finance Minister in 2006 New Delhi: The Enforcement Directorate on Wednesday filed a chargesheet against former Finance Minister P. Chidambaram’s son Karti P. Chidambaram in the Aircel-Maxis …

6 years, 9 months ago

Aircel-Maxis case: Chidambaram grilled for six hours by Enforcement Directorate

India TV News

Former Union Minister and senior Congress leader P Chidambaram was on Tuesday questioned in the Aircel-Maxis case for the first time by the Enforcement Directorate, a department which was under him during his tenure in the finance ministry. Chidambaram, also a former home minister, had last week approached the court of special judge O P Saini seeking relief from arrest …

6 years, 9 months ago

Court gives P Chidambaram protection from arrest by ED till 10 July in Aircel-Maxis case

India TV News

In Aircel-Maxis case, on Tuesday, court has given P Chidambaram protection from arrest by Enforcement Directorate till 10 July. The Aircel-Maxis case relates to grant of Foreign Investment Promotion Board clearance to firm M/S Global Communication Holding Services Ltd in 2006 for investment in Aircel. The Supreme Court had on March 12 directed investigating agencies -- the CBI and the …

6 years, 10 months ago

Delhi court extends Karti Chidambaram's interim protection from arrest in Aircel-Maxis Case

India TV News

A Delhi court on Tuesday extended Karti Chidambaram's interim protection from arrest till July 10 in two cases filed by the Central Bureau of Investigation and the Enforcement Directorate in the Aircel-Maxis deal. Special Judge OP Saini granted the interim relief to the son of senior Congress leader P Chidambaram after the ED sought time to argue on Karti's application …

7 years ago

INX Media & Aircel-Maxis: Long legal battle awaits Chidambarams

Live Mint

New Delhi: A long legal battle is in the offing for senior Congress leader P. Chidambaram and his son Karti Chidambaram as the father-son duo are in the radar of the probe agencies in another case concerning the Aircel-Maxis deal. While Karti was arrested in connection with the INX Media case in which the CBI has alleged that he was …

7 years ago

'P Chidambaram asked us to help Karti's business': Peter and Indrani Mukerjea told ED they paid $ 7 lakh for FIPB clearance

Firstpost

Karti Chidambaram was arrested by the CBI today on the basis of confessional statements of INX Media Limited directors Peter and Indrani Mukerjea, alleging that they paid USD 7 lakh to him on the instructions of his father P Chidamabaram, as quid pro quo for a FIPB clearance, officials said. New Delhi: Karti Chidambaram was arrested by the CBI on …

7 years ago

All You Need to Know About Karti Chidambaram & the INX Media Case

The Quint

As soon as the news of the arrest broke out, the Congress lashed out, saying that the arrest was "vindictive politics" and a "classic diversionary tactic of the government to hide their own corrupt governance model that is being exposed on a daily basis.” Tamil Nadu opposition party DMK’s spokesperson, Saravanan, termed this arrest as BJP's attempt to manage headlines. …

7 years, 1 month ago

“Protect My Right To Privacy, Other Fundamental Rights”: Congress Leader P. Chidambaram Moves SC [Read Petition]

Live Law

In the midst of summons to his son Karti Chidambaram and searches by CBI, ED in their private premises related to Aircel-Maxis and INX Media case, top Congress leader and Senior Advocate P Chidambaram has approached the Supreme Court for protection of his fundamental rights including right to privacyAs per the petitioner, the writ petition is being filed to defend …

7 years, 1 month ago

CBI to probe how Chidambaram got hold of confidential papers regarding investigation into Aircel-Maxis deal

Op India

On Thursday it was reported that, the Enforcement Directorate had found a classified CBI status report ‘draft’ pertaining to the Aircel-Maxis deal while raiding senior Congress leader P Chidambaram’s New Delhi residence on January 13th. CBI reportedly submitted the status report to the Supreme Court in a sealed cover to the SC double bench of Justices GS Singhvi and K …

7 years, 1 month ago

CBI probing how Aircel-Maxis draft report reached P Chidambaram, sources say

Firstpost

The CBI sources said the agency is now conducting an internal inquiry over how these documents were allegedly leaked to Chidambaram. New Delhi: The CBI is conducting an internal inquiry into how a 2013 draft report prepared by it in connection with the Aircel-Maxis probe reached former Finance Minister P Chidambaram’s residence, from where the Enforcement Directorate had seized it …

7 years, 1 month ago

CBI probing how Aircel-Maxis draft report reached Chidambaram: Report

India TV News

The CBI is conducting an internal inquiry into how a 2013 draft report prepared by it in connection with the Aircel-Maxis probe reached former Finance Minister P Chidambaram's residence, from where the Enforcement Directorate had seized it during a raid, CBI sources said. The ED case pertains to a Foreign Investment Promotion Board approval granted in 2006 by the then …

7 years, 1 month ago

Aircel Maxis scam: ED's January raid unearthed confidential CBI report at Chidambaram's residence

Firstpost

A raid conducted by the Enforcement Directorate on 13 January at former Union minister P Chidambaram’s Jorbagh residence yielded a confidential CBI report, said media reports. The report was submitted to the Supreme Court in 2013 in a sealed cover by the CBI on the Aircel Maxis scam. Enforcement Directorate found a confidential report of CBI in the house of …

7 years, 3 months ago

Aircel-Maxis case: ED conducts raids in Chennai, Kolkata in money laundering probe

Firstpost

ED had said it is investigating “the circumstances of the said FIPB approval granted by the then finance minister New Delhi: The Enforcement Directorate on Friday conducted raids in Chennai and Kolkata, including at the premises of a relative of former Finance Minister P Chidambaram, in connection with its money laundering probe in the Aircel-Maxis case, official sources said. The …

7 years, 4 months ago

Aircel-Maxis deal: Subramanian Swamy moves Supreme Court, seeks early hearing of case

Firstpost

BJP leader Subramanian Swamy on Friday moved the Supreme Court seeking early hearing on his plea alleging that illegality was committed by then Finance Minister P Chidambaram in granting FIPB clearance to the Aircel-Maxis deal New Delhi: BJP leader Subramanian Swamy on Friday moved the Supreme Court seeking early hearing on his plea alleging that illegality was committed by then …

7 years, 5 months ago

Aircel-Maxis case: Karti Chidambaram refuses to appear before CBI, seeks withdrawal of summons

India TV News

Aircel-Maxis case: Karti Chidambaram refuses to appear before CBI, seeks withdrawal of summons The CBI is investigating how Karti allegedly managed to get a clearance from the Foreign Investment Promotion Board in the Aircel-Maxis deal when his father was the Finance Minister in 2006. Former Finance Minister P. Chidambaram's Karti on Wednesday refused to appear before the CBI in an …

7 years, 6 months ago

Aircel-Maxis case: ED attaches Karti Chidambaram's assets worth over Rs 1 crore; 'will not be intimidated', says father

India TV News

Aircel-Maxis case: ED attaches Karti Chidambaram's assets worth over Rs 1 crore; 'will not be intimidated', says father The Enforcement Directorate on Monday said it has attached assets, bank accounts and fixed deposits worth Rs. According to an ED official, the probe agency has issued a provisional attachment order under the Prevention of Money Laundering Act and bank accounts and …

7 years, 6 months ago

Aircel-Maxis deal: Chidambaram asks CBI to question him instead of ‘harassing’ his son Karti

India TV News

Aircel-Maxis deal: Chidambaram asks CBI to question him instead of ‘harassing’ his son Karti Karti Chidambaram was called by the CBI on Thursday for questioning in connection with the foreign investment clearance given in the Aircel-Maxis deal of 2006 when his father was the Finance Minister. Accusing the Central Bureau of Investigation of spreading misinformation in Aircel-Maxis case, former Union …

7 years, 6 months ago

P Chidambaram says CBI should question him, not harass his son in Aircel-Maxis case

Firstpost

P Chidambaran on Friday said the CBI should be questioning him instead of harassing his son Karti in the Aircel-Maxis case New Delhi: Former finance minister P Chidambaran on Friday said the CBI should be questioning him instead of harassing his son Karti in the Aircel-Maxis case and accused the probe agency of spreading misinformation. The Central Bureau of Investigation …

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