US EditionP Chidambaram in Trouble? ED Places Prosecution Sanction Against Congress Leader in Aircel Maxis, INX Media Cases
The Enforcement Directorate cited alleged illegal Foreign Investment Promotion Board approvals and ₹1.16 crore gratification linked to Karti Chidambaram's firms, seeking trial commencement.
- On Thursday , the Enforcement Directorate placed prosecution sanction orders before a special court to expedite the trial in the INX Media Private Limited and Aircel-Maxis deal cases, targeting former Union Finance Minister P. Chidambaram.
- Authorities contend that FIPB approvals during P. Chidambaram's tenure were granted and regularised in exchange for illegal gratification, according to ED and CBI claims.
- Investigators found that Karti P. Chidambaram received Rs 1.16 crore in illegal gratification through Advantage Strategic Consulting Pvt Ltd and Chess Management Services, related to approvals exceeding Rs 600 crore, ED said.
- P. Chidambaram and his son Karti P. Chidambaram have consistently rejected the allegations, calling them a politically motivated `witch-hunt`.
- In the Aircel-Maxis deal, Maxis applied for government approval for FDI of $800 million, which ED alleges was regularised by P. Chidambaram in lieu of a quid pro quo.
19 Articles
19 Articles
Aircel Maxis & INX media case: ED files sanction orders before court against ex-FM Chidambaram
The Enforcement Directorate has secured prosecution sanction orders against former Union Finance Minister P Chidambaram. These orders pertain to alleged money laundering offenses in the Aircel Maxis and INX Media cases. The agency's probe revealed FIPB approval was granted during Chidambaram's tenure. Illegal gratification was allegedly received through entities linked to his son, Karti P Chidambaram.
ED places before court prosecution sanction orders against P. Chidambaram in two cases
The agency aims to expedite the trial, alleging that those linked to Karti P. Chidambaram received illegal gratification for approving FIPB for INX Media and FDI for the Aircel-Maxis deal while P. Chidambaram was Finance Minister
ED Pushes for Swift Trial in High-Profile Chidambaram Money Laundering Cases
The Enforcement Directorate pushes for a speedy trial against Congress leader P Chidambaram in the Aircel-Maxis and INX Media money laundering cases, after securing necessary prosecution sanction. The agency aims to counter delays resulting from a Supreme Court ruling on the need for prosecution sanctions in PMLA cases.
P Chidambaram in trouble? ED places prosecution sanction against Congress leader in Aircel Maxis, INX Media cases
Former Finance Minister P Chidambaram is embroiled in a legal battle as the Enforcement Directorate seeks prosecution sanctions for money laundering linked to the Aircel Maxis and INX Media cases.
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