In a major development to the Aircel-Maxis case, the Enforcement Directorate (ED) on Monday submitted a report to the Supreme…
(PHOTO: SNS)
In a major development to the Aircel-Maxis case, the Enforcement Directorate (ED) on Monday submitted a report to the Supreme Court on alleged violation of Foreign Investment Promotion Board (FIPB) rules by senior Congress leader P Chidambaram.
The top court will hear the matter on May 2.
Earlier in February, the top court had asked BJP leader Subramanian Swamy to provide evidence to back his plea for a probe into Chidambaram's role into the case.
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Swamy had accused Chidambaram of breaching rules in permitting Malaysian firm Maxis to acquire 100 per cent stake in Aircel through FDI in 2006.
"In Aircel-Maxis case, P Chidambaram illegally permitted sale of 100 per cent shares of an Indian company, Aircel, to a Malaysian company (Maxis) when legally, the limit was 74 per cent. That Malaysian company, through many other companies, gave a bribe to Karti," Swamy was quoted as saying by a news agency.
(With inputs from agencies)
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