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Enforcement directorate (ED) - probe in the Aircel-Maxis money laundering case

Discussion in 'Central & South Asia' started by Hindustani78, Apr 17, 2018.

  1. Hindustani78

    Hindustani78 ELITE MEMBER

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    ED questions for second time in Aircel-Maxis PMLA case


    First grilled at the central probe agency’s office on April 10 for about ten hours in connection with the case.

    Updated: Apr 17, 2018 20:34 IST
    Press Trust of India, New Delhi

    The Enforcement directorate (ED) on Tuesday questioned for the second time in connection with its probe in the Aircel-Maxis money laundering case, officials said.

    They said the investigating officer (IO) of the case recorded statement under the Prevention of Money Laundering Act (PMLA).

    First grilled at the central probe agency’s office on April 10 for about ten hours in connection with the case.

    They has been summoned for questioning next week.

    The case relates to the Indian Foreign Investment Promotion Board approval granted in 2006.

    The Supreme Court on March 12 directed investigating agencies -- the Central Bureau of Investigation and the Enforcement directorate (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 Indian Foreign Investment Promotion Board approval in the Aircel-Maxis FDI case was granted in March 2006 even though 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 Enforcement directorate (ED) is probing “the circumstances of the Indian Foreign Investment Promotion Board approval granted (in 2006) ”, the official said.

    “In the instant case, approval for Indian Foreign Direct Investment of $800 million (over Rs 3,500 crore) was sought. Hence, the Cabinet Committee on Economic Affairs was competent to grant approval.

    “However, approval was not obtained from the Cabinet Committee on Economic Affairs,” it had alleged.

    The agency said its probe revealed that the case of the said Indian Foreign Direct Investment was “wrongly projected as an investment of Rs 180 crore so that it need not be sent to the Cabinet Committee on Economic Affairs to avoid a detailed scrutiny”.

    The Enforcement directorate (ED) is probing the Aircel-Maxis deal under the Prevention of Money Laundering Act after taking cognisance of a 2011 Central Bureau of Investigation First Information Report in the case.

    The former Union Cabinet Minister, Finance Palaniappan Chidambaram had earlier described the Enforcement directorate (ED) action in this case as a “crazymixture of falsehoods and conjectures” and said that the charge sheet filed by probe agencies had been accepted by the court.

    However, the agencies have maintained that the First Information Report in the case has not been quashed.

    In September last year, the Enforcement directorate (ED) had attached assets worth Rs 1.16 crore and a firm allegedly linked to them in connection with this case.
     
  2. Hindustani78

    Hindustani78 ELITE MEMBER

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    https://www.thehindu.com/news/natio...chargesheet/article24804677.ece?homepage=true
    A Delhi court on Tuesday sought response from the CBI on a plea of former Union Minister P. Chidambaram, who accused the agency of leaking parts of the chargesheet in the Aircel-Maxis case, in which he is an accused, to the media “to sensationalise” the issue and “make mockery of judicial process.”

    Special judge O.P. Saini took the application on record and issued notice to the agency, seeking its response by October 8.

    In his application, the Congress leader alleged that the CBI was not interested in a fair trial in the court of law and only wanted trial by media. The application said the CBI was making a mockery of the judicial process, resulting in travesty of justice.
     
  3. Hindustani78

    Hindustani78 ELITE MEMBER

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    https://www.thehindu.com/news/natio...-deal-probe/article24992860.ece?homepage=true

    New Delhi, September 20, 2018 11:58 IST
    Updated: September 20, 2018 11:58 IST

    The ED is probing a money-laundering case in the Aircel-Maxis matter arising out of 2G spectrum cases.

    The Supreme Court Thursday extended by three months the deadline given to the Enforcement Directorate (ED) to complete the probe in the Aircel-Maxis deal case.

    A bench of Justices A.K. Sikri and Ashok Bhushan said the probe should be completed in three months.

    Additional Solicitor General Tushar Mehta, appearing for the ED, said the agency needs some two-three months to complete the probe as it needs to confront some accused with several e-mails.

    The apex court had in March given the ED a six-month deadline to complete the probe in the case.

    The ED is probing a money-laundering case in the Aircel-Maxis matter arising out of 2G spectrum cases.
     
  4. Hindustani78

    Hindustani78 ELITE MEMBER

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    ED files additional charge sheet against P. Chidambaram in Aircel-Maxis deal case

    New Delhi , October 25, 2018 15:19 IST
    Updated: October 25, 2018 15:44 IST

    It is filed for the alleged offence of money laundering of Rs.1.16 crore in lieu of FIPB approval in March 2006 by him.

    The Enforcement Directorate (ED) on Thursday filed the second supplementary charge sheet against former Union Finance Minister P. Chidambaram and others in the Aircel-Maxis deal case.

    Mr. Chidambaram and his son Karti Chidambaram had denied all the charges.

    Among those arraigned are S. Bhaskararaman, Aircel Televentures Limited; V Srinivasan, Astro All Asia Networks Plc (Malaysia); Maxis Mobile Sdn Bhd (Malaysia); and Augustus Ralph Marshall, a resident of Malaysia. Bumi Armada Berhad and Bumi Armada Navigation Sdn Bhd, Malaysia, have also been named.

    The charge sheet is filed for the alleged offence of money laundering of Rs.1.16 crore in lieu of FIPB approval in March 2006 by the then Finance Minister, said the agency.

    The approval was given to Global Communication and Services Holdings Limited, Mauritus, which is a wholly-owned subsidiary of Maxis Berhad, in alleged violation of the various rules and regulation.

    The ED said this charge sheet was filed on the basis of evidence in the form of email communication retrieved from the devices seized from Mr. Karti and his associates. "The material, inter alia, reveals routing of proceeds of crime in the guise of bona fide business deals by the beneficiaries of illegal FIPB approval, in the companies of Mr. Karti.”

    On September 20, the ED was given three more months to finalise the investigation in the case.

    The ED filed the first charge sheet against Mr. Karti, Ravi Visvanathan, Padma Bhaskararaman, Advantage Strategic Consulting and Chess Management Services on June 13.



     
  5. Hindustani78

    Hindustani78 ELITE MEMBER

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    https://www.thehindu.com/news/natio...eted-in-aircel-maxis-case/article25321166.ece

    New Delhi , October 25, 2018 15:19 IST
    Updated: October 26, 2018 07:46 IST
    It is filed for the alleged offence of money laundering of Rs.1.16 crore in lieu of FIPB approval in March 2006 by him.

    The Enforcement Directorate (ED) on Thursday filed the second supplementary charge sheet against former Union Finance minister and others in the Aircel-Maxis deal case.

    Former Union Finance minister Chidambaram and his son Karti Chidambaram had denied all the charges.

    Among those arraigned are Aircel Televentures Limited; Astro All Asia Networks Plc (Malaysia); Maxis Mobile Sdn Bhd (Malaysia); and a resident of Malaysia. Bumi Armada Berhad and Bumi Armada Navigation Sdn Bhd, Malaysia, have also been named.

    The charge sheet is filed for the alleged offence of money laundering of Rs.1.16 crore in lieu of FIPB approval in March 2006 by the then Finance Minister P. Chidambaram , said the agency.

    The approval was given to Global Communication and Services Holdings Limited, Mauritus, which is a wholly-owned subsidiary of Maxis Berhad, in alleged violation of the various rules and regulation.

    The ED said this charge sheet was filed on the basis of evidence in the form of email communication retrieved from the devices seized from Mr. Karti and his associates. "The material, inter alia, reveals routing of proceeds of crime in the guise of bona fide business deals by the beneficiaries of illegal FIPB approval, in the companies of Mr. Karti.”

    On September 20, the ED was given three more months to finalise the investigation in the case.

    The ED filed the first charge sheet against Mr. Karti, Ravi Visvanathan, Padma Bhaskararaman, Advantage Strategic Consulting and Chess Management Services on June 13.
     
  6. Hindustani78

    Hindustani78 ELITE MEMBER

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    New Delhi, November 01, 2018 11:15 IST
    Updated: November 01, 2018 11:15 IST

    Former union minister is “evasive and non-cooperative”, Enforcement Directorate tells court.

    A Delhi court on Thursday extended till November 26 the protection from arrest to former Union Minister and his/her children in the Aircel-Maxis case filed by the Central Bureau of Investigation and Enforcement Directorate.

    Additional Solicitor General appearing for the Central Bureau of Investigation and Enforcement Directorate told Central Bureau of Investigation Special Judge , “We have to meet a deadline and former Union Minister is not cooperating.”

    Additional Solicitor General also told the court that the Central Bureau of Investigation will file its reply to the anticipatory bail application of former Union Minister on Thursday.

    The Enforcement Directorate had on Wednesday told the court here that custodial interrogation of former Union minister and Congress leader was necessary in the Aircel-Maxis money laundering case to unravel the truth as he was “evasive and non-cooperative” in the probe.

    “From the conduct of the petitioner, which gets amply demonstrated from the records available, the investigating agency has reached a bona fide conclusion that in the absence of custodial interrogation, it will not be possible to reach the truth of the allegations as the petitioner has chosen to be evasive and non-cooperative,” the agency had said.

    It had sought custodial interrogation of former Union Minister on the ground that he has not been cooperating with it in the probe and hence making it difficult complete the investigation in a time-bound manner as directed by the Supreme Court.

    Two cases

    The senior Congress leader’s role has come under the scanner of investigating agencies in the ₹3,500-crore Aircel-Maxis deal and the INX Media case involving ₹305 crore.

    In its charge sheet filed earlier in the case against former telecom minister, his brother and others, the Central Bureau of Investigation had alleged that former Union Minister had granted an FIPB approval in March, 2006 to Mauritius-based Global Communication Services Holdings Ltd, a subsidiary of Maxis.

    Former telecom minister and the other accused named in the Central Bureau of Investigation charge sheet were discharged by the special court, which had said the agency had failed to produce any material against them to proceed with the trial.

    The Enforcement Directorate is also probing a separate money-laundering case in the Aircel-Maxis matter, in which former Union Minister and his/her children have been questioned by the agency.