No arrest for P Chidambaram till July 10 in Aircel-Maxis case, rules Delhi Court


The Enforcement Directorate has sought more time for filing a detailed reply in the case against P Chidambaram

The court will hear the matter on July 10 | ED can summon the Congress leader for questioning


The Hush Post:  Senior Congress leader P Chidambaram cannot be arrested till July 10 in the Aircel-Maxis money laundering case, a Delhi court said today, it was reported. The former Union minister, who is being questioned in the case, had applied for relief from arrest, which was extended today.

It was reported that the Enforcement Directorate, which is in charge of investigations, has sought more time to file a reply to Mr Chidambaram’s arguments. Post the investigations, Chidambaram reached the agency’s office for questioning in the case.

The Central Bureau of Investigation and the ED are investigating the foreign investment clearance granted in 2006 for the Aircel-Maxis deal. This is when Mr Chidambaram was Finance Minister in the Congress-led UPA government at the Centre.

The case will be heard again on July 10, when the court is also expected to hear the anticipatory bail plea of Karti Chidambaram, the son of the former Union minister, in the same case. Karti Chidambaram is an accused in the INX Media case and is out on bail, it was reported.

According to the CBI, Mauritius-based Global Communication Services Holdings — a subsidiary of Maxis — sought approval for an investment of 800 million dollars in Aircel.

The approval was expected to come from the Cabinet Committee on Economic Affairs or CCEA, headed by the Prime Minister. Instead, it came from the finance ministry, which only has the power to approve investments of smaller sums, up to INR 600 crore.

The agency alleged that after the approval was received, Aircel Televentures Limited paid INR 26 lakh to a company linked to Karti Chidambaram, the former minister’s son. The former minister described the agency’s action in this case as a “crazy mixture of falsehoods and conjectures”.

In September last year, the ED attached assets worth INR 1.16 crore belonging to Karti Chidambaram and a firm allegedly linked to him in connection with this case.

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