A Delhi court on Monday extended interim relief from arrest till December 18 to former Union Minister P Chidambaram and his son Karti Chidambaram in the Aircel-Marxis case after the Central Bureau of Investigation said that it needed two more weeks to get sanction against five others in the case
As per the media reports The Central Bureau of Investigation on Monday informed a court in Delhi’s Patiala House Courts complex that “a competent authority in the central government had sanctioned the prosecution of former Union Finance Minister P Chidambaram in the Aircel-Maxis case”.
The case pertains to clearances from the Foreign Investment Promotion Board that were illegal. The case dates back to 2006 when Chidambaram was the finance minister and his son Karti Chidambaram had allegedly facilitated bribes in the Aircel-Maxis transaction.
The Enforcement Directorate is considering this as a case of money laundering. The agency is inquiring why Chidambaram had approved the investment when only the Cabinet Committee on Economic Affairs is authorized to approve such deals.
The investigating agencies have been advocating Chidambaram’s custodial interrogation since he has not been cooperating in the investigations.
P Chidambaram had earlier termed the Central Bureau of Investigation’s accusations against him in the Aircel-Maxis case as false and baseless. He also claimed that a due procedure had been followed while assigning the clearances.