National News

Aircel Maxis Case: Chidambaram, Karti get anticipatory bail

New Delhi: A Delhi courtroom on Thursday granted anticipatory bail to former Finance Minister P. Chidambaram and his son Karti Chidambaram in each the ED and the CBI issues regarding the Aircel Maxis case.

District and Classes Choose O.P. Saini, whereas granting the reduction to the father-son duo, directed the candidates to furnish a private bail bond of Rs 1 lakh every together with the surety of a like quantity.

“Considering the distance of time between the commission of the alleged crime and the filing of the instant applications, unexplained delay in the investigation, there being no possibility of the accused tampering with the evidence or threatening any witness or fleeing from justice…I am satisfied that it is a fit case for grant of anticipatory bail,” the courtroom noticed in its order.

The courtroom mentioned, “Since the investigation is still pending, the accused shall join the investigation as and when called by the investigating officer (IO).”

The courtroom has additionally directed the father-son duo to not depart the nation with out prior permission of the courtroom. “They shall not contact, threaten or influence any witness and tamper with the evidence in any manner,” the courtroom dominated.

The case pertains to the alleged irregularities in granting Overseas Funding Promotion Board (FIPB) approval within the Aircel-Maxis deal in 2006 when Chidambaram was the Union Finance Minister.

In line with the principles and the Overseas Direct Funding (FDI) coverage, Chidambaram was solely empowered to present approval to the proposals involving overseas investments of as much as Rs 600 crore.

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