Aircel-Maxis money laundering case: Delhi HC stays trial court proceedings against P Chidambaram | Details
The cases relate to alleged irregularities in the grant of Foreign Investment Promotion Board (FIPB) approval in the Aircel-Maxis deal. The approval was granted in 2006 when Chidambaram was the Union Finance Minister.
by Edited By: Anurag Roushan · India TVAircel-Maxis money laundering case: The Delhi High Court on Wednesday stayed the trial court proceedings against senior Congress leader P Chidambaram in the Aircel-Maxis money laundering case. The court also issued a notice to the Enforcement Directorate (ED) in response to Chidambaram's plea challenging the trial court's decision to take cognizance of the chargesheet filed against him by the ED. Justice Manoj Kumar Ohri, presiding over the matter, stayed the trial court proceedings and sought the ED’s response. The case has been listed for a detailed hearing in January 2025.
Chidambaram through Senior Advocate N Hariharan assisted by advocates Arshdeep Singh Khurana And Akshat Gupta stated that trial Court Judge, in the Impugned order, erred in taking cognizance of the of the offence under Section 3 of the PMLA, punishable under Section 4 of the PMLA, without any prior Sanction under Section 197(1), CrPC having been obtained by the Respondent/ED for prosecution of the Petitioner herein, despite the fact that the Petitioner was a public servant (being the Finance Minister) at the time the alleged commission of the alleged offence.
What did the plea say?
The Plea stated that in the Prosecution Complaints dated 13.06.2018 and 25.10.2018 in the Subject Case, the Respondent/ED has alleged that the Petitioner, in his capacity as the then Finance Minister, Government of India, was competent to grant FIPB approval for a total Foreign Direct Investment ("FDI") up to Rs. 600 Crore only, and the competent authority to grant approvals exceeding this amount was the Cabinet Committee on Economic Affairs ("CCEA").
Charges against Chidambaram
It is alleged that the Petitioner / P Chidambaram allegedly illegally granted FIPB approval for USD 800 million (approx. 3565.91 crores), which as per the case of the Respondent/ED could only have been granted by the CCEA. As per the allegations levelled by the Respondent/ED in the Prosecution Complaints dated 13.06.2018 and 25.10.2024 against the Petitioner that he was a Public Servant, and the alleged offence is alleged to have been committed while acting or purporting to act in the discharge of his duties as the then Finance Minister, Government of India. Further, Section 65 PMLA makes all provisions of the CrPC applicable to proceedings under the PMLA, including Section 197 CrPC, stated the plea.
(With ANI inputs)