The Enforcement Directorate (ED) has shared more details with the CBI on payments said to have been made by various companies to Advantage Strategic Consultancy Private Ltd., allegedly controlled by Karti Chidambaram. “We have enough proof to establish his link with Advantage Strategic,” said a senior official.
According to the ED, Advantage Strategic raised an invoice dated March 29, 2006, for ₹25 lakh plus taxes on Aircel Televentures Ltd., which got a Foreign Investment Promotion Board (FIPB) approval for sale of its shares in Aircel Ltd. to Malaysia-based Maxis on March 20, 2006. It allegedly paid about ₹26 lakh to Advantage Strategic through cheque on April 11, 2006. Advantage Strategic raised an invoice dated August 20, 2005, for ₹10 lakh plus service taxes on Katra Holdings Private Ltd. and received ₹9.39 lakh.
Advantage Strategic raised an invoice dated July 1, 2005, on Diageo Scotland Ltd.
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The company got an FIPB approval the next year.