ED Attaches Karti Chidambaram's Assets in Aircel-Maxis Deal Case

P Chidambaram

P Chidambaram

"It cleverly skirts the issue of jurisdiction of the ED when the only charge sheet filed in the case (Aircel-Maxis) has been quashed by the special judge", Chidambaram said in a statement. ED found that the company promoted by Karti Chidambaram and the nephew of Chidambaram allegedly received two lakh dollars from Maxis Group in the guise of "software consultancy".

The Enforcement Directorate has attached assets, bank accounts, and fixed deposits worth Rs. 90 lakh of Karti Chidambaram as part of an ongoing investigation into the Aircel-Maxis case, according to media reports on Monday.

Former finance minister P Chidambaram on Monday called the ED action against his son and a firm as "a insane mixture of falsehoods and conjectures".

It further added that another Rs. 26 lakh fixed deposits belonging to a firm Advantage Strategic Consulting Private Limited (ASCPL) has also been attached under provisions of the anti-money laundering law.

The agency said FIPB approval in the Aircel-Maxis FDI case was granted in March, 2006 by the then FM even though he was competent to accord approval on project proposals only up to Rs 600 crore and beyond that it required the approval of the Cabinet Committee on Economic Affairs (CCEA).

"However, the approval was granted by the then Finance Minister (P Chidambaram)".

"The allegations in the press note are a insane mixture of falsehoods and conjectures", he said. It cleverly skirts the issue of jurisdiction of the ED when the only charge sheet filed in the case (Aircel-Maxis) has been quashed by the Special Judge. I have read the press note released by the Enforcement Directorate. The CBI wanted to place the documents concerning its investigation in a sealed cover before a bench headed by Chief Justice Dipak Misra, which was opposed by Karti's counsel and senior advocate Kapil Sibal, PTI reported on September 22.

Notícias recomendadas

  • Nawaz Sharif returns to Pakistan, to face court in Panama Papers case

    Nawaz Sharif returns to Pakistan, to face court in Panama Papers case

    Sharif's daughter Maryam and sons Hussain and Hassan did not accompany the former prime minister on his return as they are still in London .
    Eagles concerned that Darren Sproles broke arm; MRI scheduled

    Eagles concerned that Darren Sproles broke arm; MRI scheduled

    Sproles has said that he plans on the 2017 season to be his last in the NFL. "[My family] wanted me to [retire] this year". Defensive Tackle Fletcher Cox left with a calf injury and linebacker Jordan Hicks left with an ankle injury.

    Romelu Lukaku asks Man United to 'move on' from controversial chant

    City left-back Benjamin Mendy will undergo tests on Sunday after a knee injury forced him off in the first half. Socceroos midfielder Aaron Mooy's Huddersfield are in eighth after a dour scoreless draw at Burnley.
  • Emails and more could be breached in possible Deloitte cyberattack

    Emails and more could be breached in possible Deloitte cyberattack

    According to the report, six of Deloitte's clients have been told that their information has been impacted by the hack. A sophisticated hack has targeted one of the world's " big four " accountancy firms - Deloitte - it surfaced.
    US Open Champion Stephens shocked by home star Wang at Wuhan Open

    US Open Champion Stephens shocked by home star Wang at Wuhan Open

    US Open victor Sloane Stephens has been knocked out of the Wuhan Open first round in straight sets by Wang Qiang. The eighth game of the second set was so tough as eight deuces appeared.
    Did Gurmeet Ram Rahim rape 'his adopted daughter' Honeypreet ?

    Did Gurmeet Ram Rahim rape 'his adopted daughter' Honeypreet ?

    Also the adoption process which Ram Rahim used to announce the relationship between him and Honeypreet was not legally right. Gurmeet's defense counsel Vishal Garg Narwana said that an appeal has been filed in the Punjab and Haryana High Court .
  • No Home Will be Without Power, Says PM

    No Home Will be Without Power, Says PM

    The beneficiaries of the Saubhagya scheme will be identified and targeted using the 2011 Census data . Government assistance for the two will be Rs 10,587.50 crore and Rs 2,295 crore respectively.

    Ferguson plc (LSE:FERG) in Focus: A look at EBITDA & Valuation

    Looking further, the MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price. The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, "The Little Book that Beats the Market".
    Turnovers doom Broncos in first loss of season — Buffalo Blues

    Turnovers doom Broncos in first loss of season — Buffalo Blues

    You couldn't fault Bills fans for feeling a tad on the apprehensive side regarding expectations for Tyrod Taylor in this game. The game should be a shootout that is won or lost in the trenches.
  • Reinsurance Group of America, I (NYSE:RZA) Trading Down - Shorts Down -86.22%

    The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Short traders are more bullish on Reinsurance Group of America, I of late if you take a look at the downtick in short interest.
    Injury latest ahead of Shakhtar test

    Injury latest ahead of Shakhtar test

    Napoli are one of the three or four or five best teams [in Europe], they are leading the Italian league and they beat them. We are looking not just in the finishing", he said. "Always we can do better and this is another test".
    Trump continues to criticize National Football League  in tweets

    Trump continues to criticize National Football League in tweets

    NFL Commissioner Roger Goodell, who has waffled in varied comments regarding Kaepernick's protest, responded to Trump on Saturday. Durant said, "Sports is what brings us all together", and he felt Sunday was an opportunity to deliver a message.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.