Aircel-Maxis deal: Chidambaram’s arrest held off till July 10

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The Patiala House court on Tuesday gave protection to the senior Congress leader P. Chidambaram till July 10, from getting arrested by the Enforcement Directorate (ED) in connection with the Aircel-Maxis money laundering case.

 

Meanwhile, the ED has sought time to file a detailed reply. The case will now be heard on July 10, the same date on which Chidambaram’s son Karti’s case, in Aircel-Maxis case, is also scheduled to be heard.

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This is the second time the former finance minister has got relief from arrest. On May 30 too, the court had allowed Chidambaram protection from arrest till June 5 in the case, after he had filed an anticipatory bail plea.

The Aircel-Maxis deal case, which emerged out of 2G spectrum cases, pertains to a grant by the Foreign Investment Promotion Board (FIPB) to firm M/S Global Communication Holding Services Ltd for investment in Aircel.

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The ED said that the FIPB approval granted in 2006 by Chidambaram was beyond his mandate as he was only authorised to approve project up to Rs 600 crore.

P. Chidambaram’s son Karti was arrested on February 28 at the Chennai airport when he returned from the United Kingdom, for his alleged role in the case. Currently, Karti is on bail.

 

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