P Chidambaram checkmated? ED all set to file chargesheet against former Finance Minister in the Rs 3500 crore Aircel-Maxis case

The time ahead is not easy for former Finance Minister and senior Congress leader P Chidambaram as Enforcement Directorate(ED) is all set to file a chargesheet against the leader in the 3500 crore Aircel-Maxis case

According to sources, the term of ED chief Karnal Singh, who is going to retire tomorrow has passed the strict orders to take concrete action before his retirement

The Central Bureau of Investigation (CBI) has first named father (Union Minister P Chidambaram) and son (Karti Chidambaram) duo in a chargesheet filed on July 19 in Aircel- Maxis case

On October 8, a Delhi Court, extended the interim protection from arrest granted to former Union Minister P Chidambaram and his son Karti till November 1, in the Aircel-Maxis case filed by the CBI and the ED. Special CBI judge OP Saini put up the matter for November 1 after the counsel appearing for agencies sought an adjournment in the matter.

Advocates appearing for the CBI and the ED, Additional Solicitor General Tushar Mehta and Nitesh Rana, told the court that the agencies required time to file a detailed reply and argue on the application filed through Chidambaram’s lawyers P K Dubey and Arshdeep Singh.

P Chidambaram and Karti Chidambaram have been accused of siphoning huge amount of money in the Aircel Maxis deal during the Congress government and when P Chidambaram was the Finance Minister. It is said that Chidambaram had misused his position and struck many deals in Aircel Maxis for which he got huge amount of kickbacks.

The CBI is probing how Chidambaram in 2006, granted a Foreign Investment Promotion Board (FIPB) approval to a foreign firm, when only the Cabinet Committee on Economic Affairs (CCEA) was empowered to do it.

In its charge sheet filed earlier in the case against former telecom minister Dayanidhi Maran, his brother Kalanithi Maran and others, the agency had alleged that Chidambaram had granted an FIPB approval in March, 2006 to Mauritius-based Global Communication Services Holdings Ltd, a subsidiary of Maxis.

The Maran brothers and the other accused named in the CBI chargesheet were discharged by the special court, which had said the agency had failed to produce any material against them to proceed with the trial.

The Enforcement Directorate is also probing a separate money-laundering case in the Aircel-Maxis matter, in which Chidambaram and Karti have been questioned by the agency.

Few days back Enforcement Directorate(ED) has seized Karti’s properties worth Rs 54 crore in India as well as various locations across abroad. It had attached fixed deposits of Karti worth Rs 90 lakh, kept in a bank in Chennai, in the name of Advantage Strategic Consulting Private Limited (ASCPL) in connection with another case.

Both the senior Congress minister Chidambaram and his son Karti have denied the allegations levelled against them by the CBI and the ED.But time is not far when they have to pay for their bad deeds

Credits & Source : Republic World