A Delhi court has allowed Congress leader Karti Chidambaram, an accused in the alleged Aircel-Maxis and INX Media scams, to travel to France and the UK from September 15 to 27.
The Enforcement Directorate told Special Judge Ajay Kumar Kuhar that Letters Rogatory (LRs) have been sent to four countries and their response were awaited in connection with the case.
Advocates appearing for the CBI and the ED, Additional Solicitor General Tushar Mehta and Nitesh Rana, told the court that the agencies required time to file a detailed reply and argue on the application filed through Chidambaram's lawyers P K Dubey and Arshdeep Singh.
The action has also been conducted at the premises of one S Kailasam at Tenaympet in Chennai. Kailasam is the maternal uncle of Karti Chidambaram, the son of the former Finance Minister, the sources said.
Telecom operator Reliance Communications today hoped that the ongoing case against Maxis top officials will not impact the merger of its wireless business with that of Aircel.
This price spike came on the back of news that ex-telecom minister Dayanidhi Maran, his brother Kalanithi Maran and the latter's wife Kaveri Kalanithi, were discharged by a special court on Thursday on charges of bribery and money laundering in the Aircel-Maxis deal.
Special Judge O P Saini, who was scheduled to pass the order today on framing of charges as well as on bail applications of the Maran brothers and other accused persons, deferred it to the next date, saying the order was not ready.
A bench headed by Chief Justice J S Khehar said that it would hear the plea on the date fixed in the case when Attorney General Mukul Rohatgi, appearing for banks, sought urgent hearing on the ground that the PSU financial institutions had lent money to Aircel.
The Supreme Court (SC) last week had proposed that they could cancel the 2G licence and the spectrum granted to Aircel if the Maxis promoters do not present themselves before the court.
A special 2G court today issued open warrants of arrest against Malaysian nationals T Ananda Krishnan and Augustus Ralph Marshall, who are accused in Aircel-Maxis deal case along with former Telecom Minister Dayanidhi Maran and his brother Kalanithi.
The Aircel-Maxis deal "fairly and squarely falls within the description of 2G scam", a special court today said while holding that it has the jurisdiction to try the matter against ex-Telecom minister Dayanidhi Maran, his brother Kalanithi and others.
CNBC-TV18 learns that the two companies, in a 50-50 deal, will together infuse Rs 5,000 crore of equity funding in the merged entity.
Activist-lawyer Prashant Bhushan on Friday demanded immediate freezing of spectrum held by Aircel, alleging that its Malaysian parent Maxis will 'abscond' if the proposed deals with Airtel and RCom are allowed to go through.
The Ministry had disallowed the group from taking part in the auction process on the basis of absence of clearance from the Union Home Ministry.
The Sun Network had already moved the Madras High Court seeking interim relief in the Sun FM matter and the court has granted it a stay till the petition is disposed of. It is expected to move the court again in the Sun TV Network issue.
Just before a bench comprising Justices V Gopalagowda and R Banumathi was about to rise for the lunch break, Additional Solicitor General (ASG) Pinky Anand mentioned on behalf of CBI that all matters arising out of the 2G spectrum scam probe were being heard by a bench headed by Chief Justice of India.
"Both the Marans have been questioned and their statements recorded under the provisions of the Prevention of Money Laundering Act. They could be summoned again," sources said.
The special court today took cognizance of the chargesheet filed by the central bureau of investigation (CBI).
Besides the Maran brothers, the CBI has named Malaysian business tycoon T Ananda Krishnan, Malaysian national Augustus Ralph Marshall and four firms: Sun Direct TV Pvt Ltd, Maxis Communication Berhad, Astro All Asia Network PLC and South Asia Entertainment Holding Ltd - as accused in the case.
The deal if it goes through will catapult Idea to a position just behind Bharti Airtel.
Move could encourage foreign investors to look again at the sector, and allow existing foreign investors to increase their stake in subsidiaries to 100 percent
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A few days after the issues with SimCity's always-online requirement became evident, EA had announced that it would be giving a free game from its
The Supreme Court is continuing to monitor the 2G scam investigations being conducted by the CBI, the I-T department and the Enforcement Directorate.