Aircel Maxis Case: P Chidambaram is Accused No.1; Court to consider chargesheet on Nov 26

The Enforcement Directorate has filed a supplementary chargesheet in the Patiala House Court against former finance minister P Chidambaram and eight others in the Rs 3,500-crore Aircel Maxis money laundering case. The court has fixed November 26 as the date for consideration of the chargesheet, according to news agency ANI.  In July, the CBI had chargesheeted Chidambaram in the Aircel-Maxis case. The agency has named nine accused in the case including Chidambaram, S Bhaskaraman and four Maxis companies.

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The CBI chargesheet claimed that two illegal payments of Rs 26 lakh and Rs 87 lakh were paid to Chess Management and Advantage Strategic during the Aircel Maxis deal for the FIPB clearance when P Chidamabarm was the finance minister, according to a report in the Economic Times.

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The Central Bureau of Investigation and the Enforcement Directorate have been investigating case, which involves the foreign investment clearance granted in 2006 for the Aircel-Maxis deal. According to the CBI, Mauritius-based Global Communication Services Holdings -- a subsidiary of Maxis -- sought approval for an investment of 800 million dollars in Aircel.