Karti Chidambaram refuses to appear before CBI in Aircel Maxis case


Karti Chidambaram refused to appear before the CBI in the Aircel Maxis case on Thursday, as informed by his lawyer.

Karti Chidambaram

The investigating agency had called Karti for questioning in connection with the foreign investment clearance given in 2006 in the Aircel Maxis deal while his father, P Chidambaram headed the finance ministry.

Through his lawyer, junior Chidambaram, refused to appear before the agency saying a special court had discharged all the accused in the matter.

“All proceedings connected with the said (case)… were also terminated,” the response said.

“The response has been received by the CBI today at 10.30 am through a courier service. The response has also been sent through fax amd email,” as stated by Karti’s lawyer, Arun Natarajan

It further affirmed that after the discharge of the accused and “termination” of the proceedings, the CBI does not have any jurisdiction to issue a summons in connection with the said case.

As per to the CBI charge sheet submitted in a special court, Mauritius-based M/s Global Communication Services Holdings Ltd. a subsidiary of Maxis, had sought approval for an investment of USD 800 million in Aircel. The then Cabinet Committee on Economic Affairs (CCEA) was competent to grant the approval.

In 2014, the CBI had mentioned, “However, the approval was granted by the then finance minister, further investigation is being carried out into the circumstances of the FIPB approval granted by the then finance minister. The related issues are also being investigated.”

Subramanian Swamy of the BJP has claimed that the former finance minister had given FIPB clearance to a deal that should have been referred to the CCEA (Cabinet Committee on Economic Affairs), headed by the prime minister, as it alone was empowered to clear foreign investments of over Rs. 600 crore.

Former Finance Minister, P Chidambaram, who was examined by the agency in connection with the case in 2014, had issued a statement this year, mentioned that the FIPB approval was granted in the “normal course of business.”


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