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Home / News / Business News / Aircel-Maxis: Warrants issued against Malaysian nationals
  • Business

    Aircel-Maxis: Warrants issued against Malaysian nationals

    Written by
    Vaneet Randhawa
    Edited by
    Gaurav Jeyaraman
    Last updated on Sep 25, 2016, 12:48 pm
    Aircel-Maxis: Warrants issued against Malaysian nationals
  • A special 2G court has issued warrants against 2 Malaysian nationals in connection with the Aircel-Maxis case.

    The warrants were issued against T Ananda Krishnan and Augustus Ralph Marshall after the judge ordered that the Malaysian connection to case be treated separately to avoid delays and confusion.

    The court's order comes on the heels of a CBI plea to segregate the cases.

  • In this article
    The Aircel-Maxis scam: Trouble for Marans Chidambaram, son become a part of Aircel-Maxis scam Chidambaram denies any wrongdoing in the FIPB approval CBI questions Chidambaram's FIPB clearance ED raids Chidambaram's son's firms in Aircel-Maxis case Chidambaram calls the raids 'malicious onslaught' IT raid reveals massive empire: Newspaper report KC says all businesses legal Aircel-Maxis issue rocks Parliament ED summons sent to PC's son Karti Chidambaram ignores ED summons Aircel-Maxis: Warrants issued against Malaysian nationals
  • Introduction

    The Aircel-Maxis scam: Trouble for Marans

    The Aircel-Maxis scam: Trouble for Marans
  • In the backdrop of the 2G spectrum scam, Aircel chief C. Sivasanskaran complained "to the CBI about not receiving a telecom licence and being forced" to sell Maxis by Dayanidhi Maran on 6 June 2011.

    This brought the Aircel-Maxis scam to the forefront.

    The ED investigated Dayanidhi Maran and his brother Kalanithi and found a money trail that was linked to Sun Network companies.

  • 13 May 2012

    Chidambaram, son become a part of Aircel-Maxis scam

    Chidambaram, son become a part of Aircel-Maxis scam
    Credits:
  • In 2012, Subramanian Swamy disclosed that Finance Minister P. Chidambaram's son Karti's company had received 5% of Aircel's share in 2006 to get part of Rs.40 billion which was paid by Maxis for 74% share of Aircel.

    Further, Chidambaram had abetted by withholding Foreign Investment Promotion Board clearance of the deal till 5% shares had not been received by his son from Maxis.

  • 19 Sep 2014

    Chidambaram denies any wrongdoing in the FIPB approval

    Chidambaram denies any wrongdoing in the FIPB approval
    Credits:
  • Former Finance Minister P Chidambaram declared that there was no infringement of regulations in the 2006 grant of the FIPB approval in the Aircel-Maxis deal.

    Responding to the charge-sheet filed by the CBI regarding his decision to give approval, he said that the Maxis file had been put up before him by his office bearers.

    He had approved it "as per the normal course".

  • 16 Dec 2014

    CBI questions Chidambaram's FIPB clearance

    CBI questions Chidambaram's FIPB clearance
    Credits:
  • The CBI questioned former finance minister Chidambaram for the FIPB clearance he provided to the Rs.3500 crore Aircel-Maxis deal in 2006.

    The CBI contended that only the Cabinet Committee on Economic Affairs (CCEA) could sanction a foreign investment above Rs.600 crore headed by the PM.

    Chidambaram's ministry could not sanction the Aircel-Maxis deal as it "was way above that limit."

  • 1 Dec 2015

    ED raids Chidambaram's son's firms in Aircel-Maxis case

    ED raids Chidambaram's son's firms in Aircel-Maxis case
  • The Enforcement Directorate and income tax department conducted raids at firms of Karti Chidambaram, son of former finance minister P Chidambaram.

    Advantage Strategic Consulting company has been linked to Karti Chidambaram; this is the same company whose directors had been summoned in relation to the Aircel-Maxis case in August by the Enforcement Directorate.

    It wasn't revealed if the raids had brought forward any information.

  • Quote

    Chidambaram calls the raids 'malicious onslaught'

  • Reacting to the raids conducted on Vasan Eye Care and Advantage Strategic consulting, P Chidambaram said, that he and his family could handle this "malicious onslaught" from the government. He further added that "if the government wants to target me, it should do so directly".

  • 29 Feb 2016

    IT raid reveals massive empire: Newspaper report

    IT raid reveals massive empire: Newspaper report
    Credits:
  • A newspaper report alleged that the IT and ED raids on Karti Chidambaram's properties reveled that he amassed a huge empire across multiple countries by laundering money.

    The documents allegedly detail his business deals in London, Dubai, South Africa, Philippines, Thailand, Singapore, Malaysia, Sri Lanka, British Virgin Island, France, USA, Switzerland, Greece and Spain​.

    The ED sent the documents to the SC for examination.

  • 1 Mar 2016

    KC says all businesses legal

    KC says all businesses legal
  • Refuting allegations over his involvement in the Aircel-Maxis scam, Karti Chidambaram said his businesses were legally compliant with regulatory and statutory requirements.

    Proceedings in parliament were adjourned following an uproar by AIADMK members over Karti Chidambaram's alleged involvement in the scam.

    His statements came after a newspaper alleged to have accessed the IT Department's documents which revealed his involvement in a massive financial scam.

  • 2 Mar 2016

    Aircel-Maxis issue rocks Parliament

    Aircel-Maxis issue rocks Parliament
    Credits:
  • Arun Jaitley said in the Lok Sabha that no one, however powerful, would be forgiven if found liable in the Aircel-Maxis deal.

    The Finance Minister further said, "We have no holy cows to be protected."

    The AIADMK MPs also disrupted the parliament enjoining action against former Union Minister P Chidambaram's son Karti Chidambaram for his involvement in the Aircel-Maxis scam.

  • 05 Jul 2016

    ED summons sent to PC's son

    ED summons sent to PC's son
  • The Enforcement Directorate has sent summons to Karti Chidambaram, son of P Chidambaram and has called him for questioning over irregularities in investments to firms owned by his friends

    The ED seeks to ascertain details of payments made to Westbridge Capital India and Sequoia Capital India.

    ED sources said the investigation is a part of the larger investigation into the Aircel-Maxis scam.

  • 06 Jul 2016

    Karti Chidambaram ignores ED summons

    Karti Chidambaram ignores ED summons
  • Karti Chidambaram ignored the summons sent by the Enforcement Directorate requesting more time to appear before them.

    Senior ED officials said he sought more time as he had other engagements.

    The ED has now decided to issue a fresh summons to Karti in the case and intends to call him in for questioning to their Delhi office by 15 July, 2016.

  • 25 Sep 2016

    Aircel-Maxis: Warrants issued against Malaysian nationals

    Aircel-Maxis: Warrants issued against Malaysian nationals
  • A special 2G court has issued warrants against 2 Malaysian nationals in connection with the Aircel-Maxis case.

    The warrants were issued against T Ananda Krishnan and Augustus Ralph Marshall after the judge ordered that the Malaysian connection to case be treated separately to avoid delays and confusion.

    The court's order comes on the heels of a CBI plea to segregate the cases.

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