Agencies
New Delhi: The ED again questioned former Finance Minister P Chidambaram in the Aircel-Maxis money laundering case, officials said.
Official sources said Chidambaram’s statement will be recorded under the Prevention of Money Laundering Act (PMLA).
It is understood that the agency wants to put across a fresh set of questions to him regarding the deal.The agency had earlier recorded statements of FIPB officials when this deal took place and it is expected that Chidambaram may be confronted with these too.
Some specific queries on the circumstances and procedures adopted by the now-defunct Foreign Investment Promotion Board (FIPB) while giving approval to the Aircel-Maxis deal during his tenure were put to him earlier. Chidambaram’s son Karti has been questioned by the ED in this case twice.
Chidambaram, after a similar questioning by the ED in this case in June, had said that what he told the agency was already recorded in government documents.He also said that there is no FIR, yet a probe had been initiated.
“More than half the time taken up by typing the answers without errors, reading the statement and signing it!,” he had said in his tweet.
The Aircel-Maxis cases pertains to grant of Foreign Investment Promotion Board clearance to firm M/S Global Communication Holding Services Ltd in 2006 for investment in Aircel.
The Supreme Court had on March 12 directed investigating agencies — the CBI and the ED — to complete their probe into the 2G spectrum allocation cases, including the Aircel Maxis alleged money laundering case, in six months.
The agency had said that the FIPB approval in the Aircel-Maxis FDI case was granted in March 2006 by Chidambaram even though he was competent 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).
The ED is investigating “the circumstances of the FIPB approval granted (in 2006) by the then finance minister”.
“In the instant case, the approval for FDI of USD 800 million (over Rs 3,500 crore) was sought. Hence, the CCEA was competent to grant the approval.
“However, the approval was not obtained from the CCEA,” the ED had alleged.
(Except for the headline, this story has not been edited by The Kashmir Monitor staff and is published from a syndicated feed.)
