All accused, including Maran brothers, discharged in Aircel-Maxis case

A special court discharged all accused in the Aircel-Maxis case, including former Telecom minister Dayanidhi Maran.
Dayanidhi Maran, other accused discharged in...
India TV Business Desk New Delhi 02 Feb 2017, 05:59 PM IST

In big relief to former Telecom minister Dayanidhi Maran, a special court here discharged all accused in the Aircel-Maxis case on Thursday.  

The Central Bureau of Investigation had alleged Dayanidhi Maran, as Minister in the UPA-I government, used his influence to help Malaysian businessman T.A. Ananda Krishnan buy Aircel by coercing its owner C Sivasankaran to part with his stake. 

Maxis had acquired the 74 per cent stake in 2006 from Sivasankaran.  

Special Judge O.P. Saini discharged Maran, his brother Kalanithi Maran, Kalanithi's wife Kavery Kalanithi, South Asia FM Ltd (SAFL) Managing Director K. Shanmugam and two companies -- SAFL and Sun Direct TV Pvt Ltd (SDTPL) in two different cases. 

The court was hearing two different matters related to Aircel-Maxis deal lodged by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED).

The CBI had alleged that Sivasankaran sold the stake under pressure from then Telecom minister Dayanidhi Maran, who stalled approvals it needed, and that Maxis, in return, invested in his brother Kalanithi Maran’s Sun Direct, the direct-to-home TV arm of his Sun TV Network Ltd.

Vote
 
 
 

Write a comment

 

More from business