Soon after the Supreme Court granted bail to former Finance Minister P Chidambaram in the INX Media money laundering case, his son Karti Chidambaram said that he is extremely relieved that his father is back home after 106 days.

"I am very happy that he is going to be back home. I am extremely relieved," Congress MP Karti told ANI.

Chidambaram, also an MP, will also be attending Parliament session tomorrow, said Karti.

His comments came after a bench of Justice R Banumathi, Justice AS Bopanna and Justice Hrishikesh Roy of the Supreme Court set aside the Delhi High Court`s order which had refused to grant bail to Chidambaram.

The top court said that Chidambaram should not temper with the evidence and not influence the witnesses. The court also barred him from giving press interviews or making public statements in connection with this case.

Chidambaram was also directed to furnish a bail bond of Rs 2 lakh plus two sureties of the same amount and said that he can`t travel abroad without the court`s permission.

Chidambaram sought bail in a case pertaining to the Foreign Investment Promotion Board (FIPB) clearance given to INX Media to the tune of Rs 305 crore in 2007 during his tenure as the finance minister.

CBI had registered a corruption case in this regard in May 2017.

Later that year, the ED also lodged a money laundering case.

The Congress leader was first arrested by the Central Bureau of Investigation (CBI) on August 21 in the INX Media corruption case but was granted bail by the Supreme Court two months later.

He was arrested by the ED in the money laundering case on October 16.

Soon after the Supreme Court granted bail to former Finance Minister P Chidambaram in the INX Media money laundering case, his son Karti Chidambaram said that he is extremely relieved that his father is back home after 106 days.

Soon after the Supreme Court granted bail to former Finance Minister P Chidambaram in the INX Media money laundering case, his son Karti Chidambaram said that he is extremely relieved that his father is back home after 106 days. "I am very happy that he is going to be back home. I am extremely relieved," Congress MP Karti told ANI. Chidambaram, also an MP, will also be attending Parliament session tomorrow, said Karti. His comments came after a bench of Justice R Banumathi, Justice AS Bopanna and Justice Hrishikesh Roy of the Supreme Court set aside the Delhi High Court`s order which had refused to grant bail to Chidambaram. The top court said that Chidambaram should not temper with the evidence and not influence the witnesses. The court also barred him from giving press interviews or making public statements in connection with this case. Chidambaram was also directed to furnish a bail bond of Rs 2 lakh plus two sureties of the same amount and said that he can`t travel abroad without the court`s permission. Chidambaram sought bail in a case pertaining to the Foreign Investment Promotion Board (FIPB) clearance given to INX Media to the tune of Rs 305 crore in 2007 during his tenure as the finance minister. CBI had registered a corruption case in this regard in May 2017. Later that year, the ED also lodged a money laundering case. The Congress leader was first arrested by the Central Bureau of Investigation (CBI) on August 21 in the INX Media corruption case but was granted bail by the Supreme Court two months later. He was arrested by the ED in the money laundering case on October 16.

Extremely relieved, says Karti after Chidambaram gets bail in INX Media case

A Delhi court on Friday adjourned the Aircel-Maxis case sine die (without assigning a day for a further meeting or hearing).

The case is now adjourned until the application is moved by the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) to revive the case.

The matter was listed for arguments on the cognisance of charge-sheet in the case. The ED and CBI had sought an adjournment, asking the matter to be listed for the first week in October.

"Prosecution seeking date after dates. Matter deferred sine die. The prosecution asked to approach the court as and when the investigation is complete and as and when they receive Letters Rogatory (LRs) from various countries," the court observed.

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CBI judge O P Saini observed that entire evidence related to the commission of the crime by the two accused is documentary in nature and is not liable to be tampered with by both accused.

Both the accused are Members of Parliament and P Chidambaram is also the former finance and home minister of the country.

Considering these factors there is no apparent possibility of the accused fleeing from justice, it said.

The special court also said that agencies have also not cited any appreciable reason for such apprehension.

Chidambaram is already in the CBI custody in connection with INX media case in which he got no relief.

His son, Karti Chidambaram, already has bail in the INX media case which was granted to him by the Delhi High Court last year.

Chidambaram is facing probe in cases registered by the CBI and the ED pertaining to alleged irregularities in the Foreign Investment Promotion Board clearance given to INX Media to the tune of Rs 305 crore in 2007 when he was the Union finance minister.&nbsp; 
&nbsp;

A Delhi court on Friday adjourned the Aircel-Maxis case sine die (without assigning a day for a further meeting or hearing). The case is now adjourned until the application is moved by the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) to revive the case.

A Delhi court on Friday adjourned the Aircel-Maxis case sine die (without assigning a day for a further meeting or hearing). The case is now adjourned until the application is moved by the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) to revive the case. The matter was listed for arguments on the cognisance of charge-sheet in the case. The ED and CBI had sought an adjournment, asking the matter to be listed for the first week in October. "Prosecution seeking date after dates. Matter deferred sine die. The prosecution asked to approach the court as and when the investigation is complete and as and when they receive Letters Rogatory (LRs) from various countries," the court observed. c CBI judge O P Saini observed that entire evidence related to the commission of the crime by the two accused is documentary in nature and is not liable to be tampered with by both accused. Both the accused are Members of Parliament and P Chidambaram is also the former finance and home minister of the country. Considering these factors there is no apparent possibility of the accused fleeing from justice, it said. The special court also said that agencies have also not cited any appreciable reason for such apprehension. Chidambaram is already in the CBI custody in connection with INX media case in which he got no relief. His son, Karti Chidambaram, already has bail in the INX media case which was granted to him by the Delhi High Court last year. Chidambaram is facing probe in cases registered by the CBI and the ED pertaining to alleged irregularities in the Foreign Investment Promotion Board clearance given to INX Media to the tune of Rs 305 crore in 2007 when he was the Union finance minister.

Delhi court adjourns Aircel Maxis case sine die

A Delhi court on Monday extended till March 8 the interim protection from arrest granted to former finance minister P Chidambaram and his son Karti Chidambaram in connection with the Aircel-Maxis case.

The Enforcement Directorate (ED) counsel informed the Patiala House Court that Karti has been asked to appear before it for questioning on March 5, 6, 7 and 12 for his alleged role in the Aircel-Maxis and INX Media cases.

The ED also pleaded that the matter be posted for hearing after March 12.

However, senior advocates Kapil Sibal and A M Singhvi, appearing on behalf of the father-son duo, opposed the agency`s request.

The Aircel-Maxis case emerged out of the 2G spectrum cases, pertaining to an approval granted to a Mauritius-based firm, M/S Global Communication and Services Holdings Limited, by the Foreign Investment Promotion Board (FIPB) for investment in Aircel.

The FIPB approval was allegedly granted in 2006 when Chidambaram was the finance minister. According to the rules and Foreign Direct Investment (FDI) policy of the government, Chidambaram was only empowered to give approval to proposals involving a foreign investment amount of up to Rs 600 crore.

However, he reportedly approved the foreign investment proposal of Global Communication and Services Holdings Ltd worth around Rs 3560 crore.&nbsp;

A Delhi court on Monday extended till March 8 the interim protection from arrest granted to former finance minister P Chidambaram and his son Karti Chidambaram in connection with the Aircel-Maxis case.

A Delhi court on Monday extended till March 8 the interim protection from arrest granted to former finance minister P Chidambaram and his son Karti Chidambaram in connection with the Aircel-Maxis case. The Enforcement Directorate (ED) counsel informed the Patiala House Court that Karti has been asked to appear before it for questioning on March 5, 6, 7 and 12 for his alleged role in the Aircel-Maxis and INX Media cases. The ED also pleaded that the matter be posted for hearing after March 12. However, senior advocates Kapil Sibal and A M Singhvi, appearing on behalf of the father-son duo, opposed the agency`s request. The Aircel-Maxis case emerged out of the 2G spectrum cases, pertaining to an approval granted to a Mauritius-based firm, M/S Global Communication and Services Holdings Limited, by the Foreign Investment Promotion Board (FIPB) for investment in Aircel. The FIPB approval was allegedly granted in 2006 when Chidambaram was the finance minister. According to the rules and Foreign Direct Investment (FDI) policy of the government, Chidambaram was only empowered to give approval to proposals involving a foreign investment amount of up to Rs 600 crore. However, he reportedly approved the foreign investment proposal of Global Communication and Services Holdings Ltd worth around Rs 3560 crore.

Aircel-Maxis case: Interim protection from arrest of Chidambaram, Karti extended till March 8

A Delhi court today granted seven weeks to the CBI to obtain sanction to prosecute former Union minister P Chidambaram and other serving or former public servants in the Aircel-Maxis deal case.

The court pulled up the agency for filing the charge sheet without proper sanction and told the CBI that if required documents are not filed by November 26, the next day of hearing, the court may take appropriate action.

"You (CBI) should not have filed the charge sheet. It is only increasing the pendency of the court. A lot of time of the court has been wasted due to this," Special Judge O P Saini said.

The agency had on July 19 filed a charge sheet against the Congress leader, his son Karti, ten individuals including public servants and six companies as accused in the case.

The judge allowed the CBI's request for grant of some time after senior advocate Sonia Mathur, representing the agency, informed the judge that sanctions are awaited.

"If the sanction is not received, appropriate actions will be taken," the court said.

"Granting of sanction is under active consideration of the government," Mathur said.

Chidambaram's name is among the persons against whom sanction for prosecution from authorities concerned was awaited.

The court also adjourned a money laundering case, which is an off-shoot of the Aircel-Maxis deal case, against Karti and others, after Mathur and advocates N K Matta and Nitesh Rana requested an adjournment on behalf of the Enforcement Directorate (ED).

The ED had on July 13 filed a charge sheet against Karti and others for the alleged offence of money laundering.

However, the former Union minister was not arrayed as an accused in the case.

In the case filed by CBI, Mathur told the court that the agency was expecting sanctions for prosecution from authorities concerned in about four weeks.

The counsel told the court that there were serving public servants and some retired ones against whom the sanctions would be needed before proceeding with their prosecution in the case.

The CBI had filed the charge sheet for the alleged offences of criminal conspiracy under the Indian Penal Code (IPC), public servant taking illegal gratification, punishment for abetting this offence and public servant committing criminal misconduct under the Prevention of Corruption Act.

If convicted, the offences entail a maximum punishment of seven years.

The agency has alleged that when foreign investment in Aircel by Malaysian telecom major Maxis was cleared by the finance ministry in March 13, 2006, a payment of Rs 26 lakh was made by Aircel to Chennai-based Advantage Strategic Consulting, officials said.

It is alleged that Advantage Strategic Consulting was indirectly controlled by Karti and had raised an invoice on March 29, 2006 against which Aircel made a payment on April 1, 2006.

The CBI has alleged that Chess Management Services Holding Ltd, a company in which Karti is promoter and director, also received Rs 87 lakh in several installments from an associate company of Maxis, they said.

While the payment of Rs 26 lakh to Advantage Strategic Consulting was shown as fee for market research, Rs 87 lakh to Chess Management was shown as fee for a software, the CBI had alleged in the charge sheet.

During investigation, the agency had asked Chess Management officials and Karti to produce the software which was allegedly provided to Maxis for a fee but they could not produce any such software, they said alleging that it was a bribe for the clearance of foreign investment proposal which was laced with several irregularities.

The agency said this is a fresh charge sheet in the matter even as it stems from the FIR related to Aircel-Maxis deal registered in 2012 in which the then telecom minister Dayanidhi Maran and others have been charged and later discharged by a trial court. The CBI has filed an appeal against the court order.

The officials said this is a completely separate aspect of the case related to clearance of now defunct Foreign Investment Promotion Board (FIPB), under Finance Ministry, to the foreign investment clearance of Maxis in Aircel.

Among others listed in the charge sheet are the then secretary (economic affairs) Ashok Jha, the then additional secretary Ashok Chawla, the then joint secretary in finance ministry Kumar Sanjay Krishna, and the then director in the ministry Dipak Kumar Singh.

The agency has also named in the charge sheet former CEO of Aircel V Srinivasan, nephew of Chidambaram A Palaniappan who was also the promoter of Chess Management Services, Malaysian nationals Ananda Krishnan Tatparanandam, Augustus Ralph Marshall, both linked with Maxis, one S Bhaskaraman, and the then under secretary in the ministry Ram Sharan.

The six companies listed as accused are Chess Management Services Holding Ltd, Chennai-based Advantage Strategic Consulting Pvt Ltd and Malaysian companies Astro All Asia Networks, Maxis Mobile, Bumi Armada Berhad and Bumi Armada Navigation.

The agency has charged all the accused with criminal conspiracy, bribery and abuse of official position.

It is alleged that FIPB approval in the Aircel-Maxis FDI case was granted in March 2006 by Chidambaram even though he was empowered to accord approval on project proposals only up to Rs 600 crore and beyond that it required the approval of the Cabinet Committee on Economic Affairs (CCEA).&nbsp;

A Delhi court today granted seven weeks to the CBI to obtain sanction to prosecute former Union minister P Chidambaram and other serving or former public servants in the Aircel-Maxis deal case.

A Delhi court today granted seven weeks to the CBI to obtain sanction to prosecute former Union minister P Chidambaram and other serving or former public servants in the Aircel-Maxis deal case. The court pulled up the agency for filing the charge sheet without proper sanction and told the CBI that if required documents are not filed by November 26, the next day of hearing, the court may take appropriate action. "You (CBI) should not have filed the charge sheet. It is only increasing the pendency of the court. A lot of time of the court has been wasted due to this," Special Judge O P Saini said. The agency had on July 19 filed a charge sheet against the Congress leader, his son Karti, ten individuals including public servants and six companies as accused in the case. The judge allowed the CBI's request for grant of some time after senior advocate Sonia Mathur, representing the agency, informed the judge that sanctions are awaited. "If the sanction is not received, appropriate actions will be taken," the court said. "Granting of sanction is under active consideration of the government," Mathur said. Chidambaram's name is among the persons against whom sanction for prosecution from authorities concerned was awaited. The court also adjourned a money laundering case, which is an off-shoot of the Aircel-Maxis deal case, against Karti and others, after Mathur and advocates N K Matta and Nitesh Rana requested an adjournment on behalf of the Enforcement Directorate (ED). The ED had on July 13 filed a charge sheet against Karti and others for the alleged offence of money laundering. However, the former Union minister was not arrayed as an accused in the case. In the case filed by CBI, Mathur told the court that the agency was expecting sanctions for prosecution from authorities concerned in about four weeks. The counsel told the court that there were serving public servants and some retired ones against whom the sanctions would be needed before proceeding with their prosecution in the case. The CBI had filed the charge sheet for the alleged offences of criminal conspiracy under the Indian Penal Code (IPC), public servant taking illegal gratification, punishment for abetting this offence and public servant committing criminal misconduct under the Prevention of Corruption Act. If convicted, the offences entail a maximum punishment of seven years. The agency has alleged that when foreign investment in Aircel by Malaysian telecom major Maxis was cleared by the finance ministry in March 13, 2006, a payment of Rs 26 lakh was made by Aircel to Chennai-based Advantage Strategic Consulting, officials said. It is alleged that Advantage Strategic Consulting was indirectly controlled by Karti and had raised an invoice on March 29, 2006 against which Aircel made a payment on April 1, 2006. The CBI has alleged that Chess Management Services Holding Ltd, a company in which Karti is promoter and director, also received Rs 87 lakh in several installments from an associate company of Maxis, they said. While the payment of Rs 26 lakh to Advantage Strategic Consulting was shown as fee for market research, Rs 87 lakh to Chess Management was shown as fee for a software, the CBI had alleged in the charge sheet. During investigation, the agency had asked Chess Management officials and Karti to produce the software which was allegedly provided to Maxis for a fee but they could not produce any such software, they said alleging that it was a bribe for the clearance of foreign investment proposal which was laced with several irregularities. The agency said this is a fresh charge sheet in the matter even as it stems from the FIR related to Aircel-Maxis deal registered in 2012 in which the then telecom minister Dayanidhi Maran and others have been charged and later discharged by a trial court. The CBI has filed an appeal against the court order. The officials said this is a completely separate aspect of the case related to clearance of now defunct Foreign Investment Promotion Board (FIPB), under Finance Ministry, to the foreign investment clearance of Maxis in Aircel. Among others listed in the charge sheet are the then secretary (economic affairs) Ashok Jha, the then additional secretary Ashok Chawla, the then joint secretary in finance ministry Kumar Sanjay Krishna, and the then director in the ministry Dipak Kumar Singh. The agency has also named in the charge sheet former CEO of Aircel V Srinivasan, nephew of Chidambaram A Palaniappan who was also the promoter of Chess Management Services, Malaysian nationals Ananda Krishnan Tatparanandam, Augustus Ralph Marshall, both linked with Maxis, one S Bhaskaraman, and the then under secretary in the ministry Ram Sharan. The six companies listed as accused are Chess Management Services Holding Ltd, Chennai-based Advantage Strategic Consulting Pvt Ltd and Malaysian companies Astro All Asia Networks, Maxis Mobile, Bumi Armada Berhad and Bumi Armada Navigation. The agency has charged all the accused with criminal conspiracy, bribery and abuse of official position. It is alleged that FIPB approval in the Aircel-Maxis FDI case was granted in March 2006 by Chidambaram even though he was empowered to accord approval on project proposals only up to Rs 600 crore and beyond that it required the approval of the Cabinet Committee on Economic Affairs (CCEA).

Court grants time to CBI for obtaining sanction to prosecute Chidambaram in Aircel-Maxis case

A Delhi court on Tuesday granted Karti Chidambaram interim protection from arrest till July 10 in two cases filed by the CBI and ED in the Aircel-Maxis matter arising out of 2G spectrum cases.

Special Judge O.P. Saini granted relief to the son of senior Congress leader P. Chidambaram after the Enforcement Directorate (ED) sought time to argue on Karti’s application seeking anticipatory bail.

“A related matter is pending before the Supreme Court and that will be taken up for hearing on July 2,” advocate Nitesh Rana, appearing for the ED, said while seeking adjournment.

The submission was supported by the CBI counsel who requested the court to put up the matter for the next date.

The court on April 16 granted interim relief to Karti till May 2 after considering that both the investigative agencies had sought time to file their responses on his anticipatory bail plea.

Karti had filed a plea seeking protection from arrest in the Aircel-Maxis matter, in which the CBI and the ED lodged cases in 2011 and 2012.

The matter pertains to grant of Foreign Investment Promotion Board (FIPB) clearance to firm M/S Global Communication Holding Services Ltd. for investment in Aircel.

In September 2015, the CBI had filed its status report regarding a probe into the FIPB approvals in the case. The agency had in June 2016 also issued a notice to A. Palaniappan, director of Chess Management Services, a company promoted by&nbspKarti. 
&nbsp

A Delhi court on Tuesday granted Karti Chidambaram interim protection from arrest till July 10 in two cases filed by the CBI and ED in the Aircel-Maxis matter arising out of 2G spectrum cases

A Delhi court on Tuesday granted Karti Chidambaram interim protection from arrest till July 10 in two cases filed by the CBI and ED in the Aircel-Maxis matter arising out of 2G spectrum cases. Special Judge O.P. Saini granted relief to the son of senior Congress leader P. Chidambaram after the Enforcement Directorate (ED) sought time to argue on Karti’s application seeking anticipatory bail. “A related matter is pending before the Supreme Court and that will be taken up for hearing on July 2,” advocate Nitesh Rana, appearing for the ED, said while seeking adjournment. The submission was supported by the CBI counsel who requested the court to put up the matter for the next date. The court on April 16 granted interim relief to Karti till May 2 after considering that both the investigative agencies had sought time to file their responses on his anticipatory bail plea. Karti had filed a plea seeking protection from arrest in the Aircel-Maxis matter, in which the CBI and the ED lodged cases in 2011 and 2012. The matter pertains to grant of Foreign Investment Promotion Board (FIPB) clearance to firm M/S Global Communication Holding Services Ltd. for investment in Aircel. In September 2015, the CBI had filed its status report regarding a probe into the FIPB approvals in the case. The agency had in June 2016 also issued a notice to A. Palaniappan, director of Chess Management Services, a company promoted by&nbspKarti.

Court extends interim protection from arrest to Karti in Aircel-Maxis case

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Extremely relieved, says Karti after Chidambaram gets bail in INX Media case

Delhi court adjourns Aircel Maxis case sine die

Aircel-Maxis case: Interim protection from arrest of Chidambaram, Karti extended till March 8

Court grants time to CBI for obtaining sanction to prosecute Chidambaram in Aircel-Maxis case

Court extends interim protection from arrest to Karti in Aircel-Maxis case