Aircel-Maxis case: Interim protection from arrest of Chidambaram\, Karti extended till Mar 8

Aircel-Maxis case: Interim protection from arrest of Chidambaram, Karti extended till Mar 8

ANI  |  General News 

A on Monday extended till March 8 the interim protection from arrest granted to former minister P Chidambaram and his son in connection with the Aircel-Maxis case.

The (ED) informed the that Karti has been asked to appear before it for questioning on March 5, 6, 7 and 12 for his alleged role in the Aircel-Maxis and cases.

The ED also pleaded that the matter be posted for hearing after March 12. However, senior advocates Kapil Sibal and A M Singhvi, appearing on behalf of the father-son duo, opposed the agency's request.

The Aircel-Maxis case emerged out of the 2G spectrum cases, pertaining to an approval granted to a Mauritius-based firm, and Services Holdings Limited, by the (FIPB) for investment in

The FIPB approval was allegedly granted in 2006 when Chidambaram was the minister. According to the rules and Foreign Direct Investment (FDI) policy of the government, Chidambaram was only empowered to give approval to proposals involving a foreign investment amount of up to Rs 600 crore.

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

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 18 2019. 11:14 IST