Monday , October 18 2021

Ex FM P. Chidambaram gets interim relief from CBI court in Aircel-Maxis case

The UPA may have gone out of power 4 years ago, but details of scams during its regime continue to surface at regular intervals. While on the one hand the CBI is fast progressing into investigations of Air Asia flouting regulations and bribing ministers, the threat of arrest seems to be looming large over former Finance Minister P ChidambaraM in the Aircel Maxis Deal case.

In the Air Asia case , the CBI, after filing a case of flouting license regulations against the airline conducted raids in 5 locations across the country.

—CBI names Group CFO of Air Asia, Tony Fernandes and Director Ram Chandran Venkatraman  with 5 others in the criminal case registered

—criminal conspiracy , according to agency’s FIR occurred before the Lok Sabha elections in 2014

—50 lakh dollars for FIPB clearance paid to UPA ministers

—the FIR states that Kickbacks were paid in the garb of sham transactions to unknown public servants of government of India and others for securing permit of international scheduled air transport services

—cash  was paid to an unidentified private individual to “facilitate” the removal of 5/20 rule

AIR ASIA on its part, however, says that the news is false and that  it is fully cooperating with agencies to reveal the truth. Meanwhile, there was some relief for Chidambaram in the aircel Maxis Case.

The Former union minister had moved a Delhi court for protection from arrest in the money-laundering case in which his son Karti Chidambaram is an accused.

The court has told the Enforcement Directorate that no coercive action can be taken against Chidambaram until the next hearing on June 5.

Reacting to the development, the BJP said that majority of the Congress party’s top leaders are on bail.

In both Aircel-Maxis deal of Rs 3,500 crore and INX Media case involving Rs 305 crore, Chidambaram’s role has come under the scanner of the investigating agencies as during his tenure as Finance Minister in the UPA-1 regime, FIPB clearance was granted to the two ventures in which alleged irregularities have been found.

Enforcement Directorate had summoned Chidambaram for questioning on Wednesday in the Aircel Maxis case and the CBI has slapped a notice on him to join the probe in the INX Media case on Thursday. 

Please share this news
<div id="taboola-below-article-thumbnails"></div>
<script type="text/javascript">
  window._taboola = window._taboola || [];
    mode: 'thumbnails-a',
    container: 'taboola-below-article-thumbnails',
    placement: 'Below Article Thumbnails',
    target_type: 'mix'