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Aircel Maxis Case: Delhi court extends interim protection to Chidambaram, son

Aircel Maxis Case: Delhi court extends interim protection to Chidambaram, son
Highlights

Delhis Patiala House Court on Monday extended the interim protection of former Union Minister P Chidambaram and Karti Chidambaram and rescheduled the date of hearing in the Aircel Maxis case

New Delhi: Delhi’s Patiala House Court on Monday extended the interim protection of former Union Minister P Chidambaram and Karti Chidambaram and rescheduled the date of hearing in the Aircel Maxis case.

The Court has extended till February 18, the interim protection which was earlier scheduled for February 1.

Special CBI Judge O P Saini had previously posted the matter for February 1 after Solicitor General Tushar Mehta, appearing on behalf of CBI, sought more time from the court stating that the ongoing probe was nearing completion.

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 the year 2006 when Chidambaram was finance minister. According to Foreign Direct Investment (FDI) policy, Chidambaram was only empowered to give approval to proposals involving
foreign investment amount of up to Rs 600 crore.

However, he had reportedly approved the foreign investment proposal of Global Communication and Services Holdings Ltd worth Rs 3560 crore approximately.

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