CBI allowed to prosecute Chidambaram, Delhi court told

CBI allowed to prosecute Chidambaram, Delhi court told
The ED filed a chargesheet on the case on October 25 against Chidambaram, accusing him of conspiring with foreign investors to give them clearance for their venture.

New Delhi: The CBI Monday informed a Delhi court that it has procured the requisite sanction from the authorities concerned to prosecute former Union minister P Chidambaram in the Aircel-Maxis case.

The court however extended till December 18 the protection granted to Chidambaram and his son Karti from arrest after the Central Bureau of Investigation (CBI) said it needed two weeks to get sanction against other accused in the case.

The CBI is probing alleged irregularities in grant of FIPB approval in Aircel-Maxis deal, while the Enforcement Directorate (ED) is probing alleged money-laundering related to the deal.

The ED filed a chargesheet on the case on October 25 against Chidambaram, accusing him of conspiring with foreign investors to give them clearance for their venture.

They are accused of money laundering of Rs 1.16 crore in lieu of illegal FIFB approval by the former minister in March 2006, given to the foreign investor Global Communication and Services Holdings Limited, Mauritius in violation of the various rules and regulations governing the FDI policy in India.

The ED had filed the first charge-sheet in the case against Chidambaram's son Karti; later, a supplementary charge sheet was also filed against him.

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