Zee Media Bureau
New Delhi: The Supreme court on Friday sought Central Bureau of Investigation (CBI) reply about progress of probe against former finance minister P Chimdambarama in Aircel Maxis case.
The CBI is probing the role of then finance minister P Chidambaram in allowing foreign investment by the Mauritius-based company.
The CBI submission came in its recently-filed chargesheet against then communications minister Dayanidhi Maran, his brother Kalanithi Maran, and Malaysian business tycoon T Ananda Krishnan and others. Dayanidhi Maran is chargd with using his influence to help Krishnan acquire Aircel by allegedly coercing its owner Sivasankaran to part with his stake.
The investigation has revealed that Dayanidhi Maran did not raise objection to the proposal of foreign investment by the Global Communication Services Holding Ltd in Aircel Ltd in 2006.
It added that Global Communication Services had sought the Foreign Investment Promotion Board's approval (FIPB) for $800 million investment, for which the Cabinet Committee on Economic Affarirs (CCEA) was competent to grant approval.
"However, the approval was granted by the then finance minister (Chidambaram)," the CBI's chargesheet said.
With PTI Inputs
