According to a report in The Daily Pioneer, CBI has got the documents of business deals of Karti Chidambaram in 14 countries - London, Dubai, South Africa, Philippines, Thailand, Singapore, Malaysia, Sri Lanka, British Virgin Island, France, USA, Switzerland, Greece and Spain. Karti reportedly acquired a huge amount of wealth through his dealings between 2006-2014, when his father P Chidambaram was the Finance Minister and Home Minister.
Earlier CBI has sought from CAG the details of its audit report in the Aircel-Maxis deal exposing “undisclosed” and “illegal” fund flow of Rs.1,255 crore to Aircel from Malaysian company Maxis.While the Foreign Investment Promotion Board (FIPB) had given approval for only Rs.3,514 crore of investment by Maxis in Aircel, the CAG’s P&T Audit wing with the help of its counterpart auditors from Malaysia, has discovered that Aircel got Rs.4,769 crore from Maxis in clear violation of Foreign Exchange Management Act (FEMA) and Prevention of Money Laundering Act (PMLA). On 21st March 2006 Maxis invested Rs Rs.3,514.35 crore in Aircel. The CAG in its findings has given a detailed chart on how Rs 4,769 crore has flown from Maxis to Aircel.
So far CBI has found most financial transactions were reportedly done by Advantage Strategic Consulting's Singapore-based subsidiary Advantage Strategic Consulting Singapore Pte Ltd. These are said to have been carried out by Advantage after the Aircel-Maxis deal in 2006. in December 2015 CBI had raided 12 places, including Karti Chidambaram's Advantage Strategic Ltd (ED) and Vasan Eye Care (I-I) in Chennai.
CBI has sent the information to the Supreme Court which is monitoring the investigation in the Aircel Maxis scam.
Earlier CBI has sought from CAG the details of its audit report in the Aircel-Maxis deal exposing “undisclosed” and “illegal” fund flow of Rs.1,255 crore to Aircel from Malaysian company Maxis.While the Foreign Investment Promotion Board (FIPB) had given approval for only Rs.3,514 crore of investment by Maxis in Aircel, the CAG’s P&T Audit wing with the help of its counterpart auditors from Malaysia, has discovered that Aircel got Rs.4,769 crore from Maxis in clear violation of Foreign Exchange Management Act (FEMA) and Prevention of Money Laundering Act (PMLA). On 21st March 2006 Maxis invested Rs Rs.3,514.35 crore in Aircel. The CAG in its findings has given a detailed chart on how Rs 4,769 crore has flown from Maxis to Aircel.
So far CBI has found most financial transactions were reportedly done by Advantage Strategic Consulting's Singapore-based subsidiary Advantage Strategic Consulting Singapore Pte Ltd. These are said to have been carried out by Advantage after the Aircel-Maxis deal in 2006. in December 2015 CBI had raided 12 places, including Karti Chidambaram's Advantage Strategic Ltd (ED) and Vasan Eye Care (I-I) in Chennai.
CBI has sent the information to the Supreme Court which is monitoring the investigation in the Aircel Maxis scam.
