In a 4500-page chargesheet that the Enforcement Directorate filed in the case against former finance minister P Chidambaram’s son Karti Chidambaran, the agency has highlighted the specific role of Chidambaram in the conspiracy in the Aircel-Maxis 2G spectrum scam. The charge sheet was filed in a special court on Wednesday.

The Prevention of Money Laundering Act was used against Karti and others in the first chargesheet that was filed by the ED in the Aircel-Maxis money laundering case.

The agency had already questioned P Chidambaram twice in this case, and his son multiple times. The ED indicated that a supplementary chargesheet would be submitted later.

The role of P Chidambaram in the conspiracy case of Aircel Maxis is being investigated by the agency. The details they gathered showed that the former finance minister played a very important role in granting foreign direct investment (FDI) approval to the Malaysian company Maxis when the company had acquired shares in the Indian company Aircel. The company invested Rs 3,500 crore in its Indian partner Aircel.

The court is yet to take cognisance of the ED chargesheet. In the chargesheet, ED has alleged that the former finance minister was aware of the fact that FDI approval in Aircel India Ltd was for more than Rs 3,500 crore. The charegesheet was filed by special prosecutors Rajeev Awasthi, Nitesh Rana and N K Matta.

In the chargesheet the investigating agency claimed that the Foreign Investment Promotion Board (FIPB), which came under the then finance minister, had “wrongly” projected the investments. Investment of Rs 3,500 crore in Aircel Ltd was portrayed as “being an investment of Rs 180 crore only” by the board, says the chargesheet.

The chargesheet has alleged that two companies that were associated with Karrti Chidambaram had received two sets of payments in cash of amounts Rs 90 lakh and Rs 26 lakh as a quid pro duo against the deal getting the approval of the FIPB – which effectively was granted by the then finance minister.

ED said “Chess Management Services Pvt Ltd (CMSPL), a company promoted by Karti Chidambaram, received a sum of Rs 90 lakh from Maxis and its associate Malaysian companies, allegedly for softwathere services.” It said that the software that was designed for Rs 90 lakh was meant for the use of compliance with Indian laws and was not of any use to a Malaysian company.

The Indian company which was controlled by Karti – Advantage Strategic Consulting Pvt LTD (ASCPL), had received Rs 26 lakh. The company got the money from Aircel Televenture Ltd. This company sold their shares to Maxis. In the chargesheet, the ED claimed that the money was given as a bribe. In the chargesheet the agency showed that this was why the other transaction was made.

Earlier, Karti and his father had denied any connection with the alleged two companies. But now ED has claimed in the chargesheeet that Karti controlled all the decisions of that two companies.

(Adapted from