P Chidambaram, Karti file rejoinders in Aircel-Maxis case

Image
ANI New Delhi (India)
Last Updated : Nov 23 2018 | 6:40 PM IST

New Delhi (India), Nov 23, (ANI): Former Union Minister and senior Congress leader P Chidambaram and his son Karti have filed their rejoinders in a Delhi court in the Aircel Maxis deal case. The rejoinders filed through advocate Arshdeep Khurana on Thursday opposed the allegations leveled against them by the investigating agencies.

On November 1, the Central Bureau of Investigation (CBI) and the Enforcement Directorate in their detailed replies had sought custodial interrogation of the father-son duo and also opposed the anticipatory bail plea filed by Chidambaram.

CBI, in its reply to the court, had claimed that Chidambaram could influence the investigation into the case which is a "much larger conspiracy". The probe agency also alleged that the former union minister has been "misusing" his interim protection.

CBI had also said that there is a very strong case against Karti and the interim protection granted to him should be canceled immediately. It also asserted that Karti has filed multiple petitions and has indulged in a gross abuse of law proceedings.

Earlier, the court had extended the interim protection to Chidambaram and Karti till November 26 in the Aircel Maxis case.

The Aircel Maxis case, which emerged out of the 2G spectrum cases, pertains to a grant of the Foreign Investment Promotion Board (FIPB) approval to firm M/S Global Communication and Services Holdings Limited, Mauritius for investment in Aircel. The FIPB approval was allegedly granted in the year 2006 when Chidambaram was the finance minister.

According to the rules and Foreign Direct Investment (FDI) policy of the government, Chidambaram was only empowered to give approval to proposals involving foreign investment up to Rs 600 crore only. However, he approved the foreign investment proposal of Global Communication and Services Holdings Ltd worth Rs 3560 crore approximately.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 23 2018 | 6:40 PM IST

Next Story