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.

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