Aircel-Maxis case: Court adjourns hearing indefinitely

Aircel-Maxis case: Court adjourns hearing indefinitely

Published
Hot News
1 min read
Congress leader P Chidambaram.(File Photo: IANS)
New Delhi, Sep 6 (IANS) A special CBI court on Friday adjourned the hearing in the CBI and ED cases relating to the Aircel-Maxis case.
District and Sessions Judge O.P. Saini adjourned sine die the matter and directed the agencies to approach the court as and when the investigation in the matter is complete.
The court's order came after the investigation agencies requested it to list the order for October. "We are waiting for the Letter Rogatory (LRs)."
The case relates to the alleged irregularities in grant of the Foreign Investment Promotion Board (FIPB) approval in the Aircel-Maxis deal. The approval was allegedly granted in 2006 when P. Chidambaram was the Union Finance Minister.
According to the rules and foreign direct investment (FDI) policy, Chidambaram was only empowered to give approval to the proposals involving foreign investment up to Rs 600 crore.
--IANS
anb/kr

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!