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SC extends deadline by 3 months for Aircel-Maxis deal probe

The ED is probing a money-laundering case in the Aircel-Maxis matter arising out of 2G spectrum cases.

September 20, 2018 11:58 am | Updated 10:53 pm IST - New Delhi

Legal Correspondent
The Supreme Court of India, at New Delhi, the Capital of India. Photo: Rajeev Bhatt , September 19, 2003.

The Supreme Court of India, at New Delhi, the Capital of India. Photo: Rajeev Bhatt , September 19, 2003.

The Supreme Court on Thursday gave a three-month extension to investigative agencies to complete their probe into the alleged irregularities in grant of FIPB approval to the Aircel-Maxis deal.

The CBI and the Enforcement Directorate were supposed to complete their investigation into the case by September 12. Additional Solicitor General Tushar Mehta, appearing for the ED and the CBI, sought more time.

The two agencies have been investigating Aircel/Maxis telecom owner and Malaysian accused T. Ananda Krishnan and Ralph Marshall.

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corporate crime / corruption & bribery

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