Aircel-Maxis case: Court reserves order on Chidambarams' anticipatory bail plea for Sep. 5

The agencies said the two will hamper the probe and sought their custodial interrogation in the cases.

September 02, 2019 03:26 pm | Updated September 03, 2019 03:21 pm IST - New Delhi

Former Union Finance Minister P. Chidambaram and his son Karti Chidambaram.

Former Union Finance Minister P. Chidambaram and his son Karti Chidambaram.

A Delhi court on Monday reserved for September 5 its order on the anticipatory bail pleas of Congress leader P Chidambaram and his son Karti in the Aircel-Maxis cases lodged by the CBI and the ED.

Special Judge O.P. Saini listed the matter after hearing the submissions from the agencies and Chidambarams.

Earlier, the court had said that it was not happy with the agencies seeking repeated adjournments and had given the ultimatum that if they would not argue the matter, it would pass the order on September 3.

The cases relates to alleged irregularities in grant of Foreign Investment Promotion Board (FIPB) approval in the Rs 3,500-crore Aircel-Maxis deal when P Chidambaram was finance minister.

The father and son were given interim protection from arrest by the court after they had filed anticipatory bail applications in the case .

Their protection from arrest has been extended from time to time. The previous extension was ending on August 23.

Mr. Chidambaram and Mr. Karti were named in the chargesheet filed by the CBI in the case on July 19 last year.

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

The ED is also probing a separate money laundering case in the Aircel-Maxis matter, in which the Chidambarams have been questioned by the agency and their anticipatory bail is pending.

The Chidambarams are under the scanner of investigating agencies in the Aircel-Maxis deal as also the INX Media case involving Rs 305 crore.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.