Aircel-Maxis scam: ED asks Chidambaram to come again after the second round of questioning. PC says not aware of Karti’s business!!!

Giving excuses and blaming Fin Min officials has been the MO of Chidambaram when confronted with illegal FIPB approvals

Giving excuses and blaming Fin Min officials has been the MO of Chidambaram when confronted with illegal FIPB approvals
Giving excuses and blaming Fin Min officials has been the MO of Chidambaram when confronted with illegal FIPB approvals

Unsatisfied with the replies, the Enforcement Directorate (ED) on Tuesday after six hours of interrogation, asked former tainted Finance Minister P Chidambaram to appear again in the Aircel-Maxis scam probe. It is learnt that to many questions Chidambaram pretended innocence and tried to put the blame on the senior Finance Ministry officials for the illegal FIPB (Foreign Investment Promotion Board) approval to the Malaysian firm Maxis to take over the Chennai based mobile phone operator Aircel. Chidambaram appeared the ED office around 11 am and left after 5 pm, said news agencies.

I was not aware” – was the typical reply of Chidambaram when cornered with son Karti’s firms getting around two lakh dollars from Maxis. Chidambaram many times lied that he was not aware of son’s business operations. To the questions, on violation of the FIPB and Cabinet Committee of Economic Affairs (CCEA) norms, Chidambaram repeatedly said that he just signed files vetted by officers. It is learnt that many officers have given statements to the Central Bureau of Investigation (CBI) and ED that they were forced to sign on all files as per the wishes of then Finance Minister Chidambaram in 2006.

As FIPB Chairman, the Finance Minister Chidambaram had power to approve only foreign investments up to Rs.600 crores those days. Approvals of over Rs.600 crores value have to be sent to the Cabinet Committee for Economic Affairs (CCEA), where he was the Chairman. The Aircel-Maxis approval was above Rs.3500 crores and Chidambaram did not send the files to CCEA. The reasons cited for his not sending it to the CCEA, is believed to be that the Home Ministry was also part of CCEA in Telecom affairs and as Maxis’s shareholder Saudi Telecom is a partner of Pakistan Telecom, the Home Ministry won’t approve the deal.

Later the Office of the Comptroller and Auditor General (CAG) found that though the illegal approval was for Rs.3600 crores, the actual money that came from Maxis to Aircel was more than Rs.4800 crores! This exposed a gap of more than Rs.1200 crores. Karti’s controversial firm Advantage Consulting and Chess Management also got money from Maxis and the ED has already attached more than Rs.1.16 crores worth of bank deposits belonging to him.

When he was asked to come again, Chidambaram trotted out several excuses. Finally, the agency asked him to appear again by the end of June for further questioning.

Team PGurus


  1. These cases ,involving,Sonia Rahul,chidambaram , Malya Neerav etc will go on till the other parties come into power ,when all these crimes would be whitewashed by the new govt

  2. If many officers have already confirmed that they were forced by former FM, what is stopping the ED in confronting all in one sitting and record the proceedings and finish the case early. What is this nonsense of wasting tax payers money in the guise of prolonged sittings which brings out nothing concrete!

  3. today lost complete faith in Indian judiacial system for now the judge will ask finger prints on the currency notes else he is going to dismiss the case. The judges themselves are a rotten stuff who have not updated their knowledge & are living in some isolated island / isolated outerspace.

  4. The way things move, it appears Chidambaram is doing a MEHERBANI by agreeing to appear before ED, CBI & other agencies.

    Our corrupt Judicial Officers who are in the payroll of the UPA Mafia are more than willing to protect the BAAP-BETA & the MA-BETA by granting inexplicable ANTICIPATORY BAIL.

    Chidambaram has violated FIPB norms by exceeding his limits of approval – which is evident in documents

    Several of his ‘undeclared’ & ‘disproportionate’ assets have been identified.

    This thief has not yet been arrested & adding to the frustration he is writing fiscal theories in our PRESSTITUTE MEDIA.

    Similar is the NH scam involving the fraudulent MA-BETA duo.

    Are the ‘laws of our land’ & ‘Judiciary’ equally nice & friendly to pickpockets & petty criminals who commit such crimes for a living?

  5. Why are they taking so long. It’s been going on for ages and inspite of all the facts and figures they claim to have its not certain they will get a conviction. Maybe that’s what they want as is the case in most high profile cases.

  6. I seriously doubt whether anything good will come out of this except for the pro-left media crying witch-hunting; goes to show how much more dangerous Sonia is; if he goes in, Sonia will follow soon. Even courts do not want that kind of activism and face the wrath the antinational elements with powerful media support and international terrorist connections. Judges are human, too.

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