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Aircel-Maxis deal : SC to Syamy , "prove" Chitambrams role in 2 weeks

 2017-02-10 13:28:47.0

Aircel-Maxis deal : SC to Syamy , "prove" Chitambrams role in 2 weeks

NEW DELHI: The Supreme Court on Friday offered two weeks to the BJP leader Suramanian Swamy to place "concrete" material before it to prima facie prove that former Finance Minister P. Chitambaram deliberately granted FIPB clearance to the Aircel-Maxis deal in 2006 without placing it before the Cabinet Committee for Economic Affairs (CCES) for vetting vetting.


Arguing in person before a Bench led by Chief Justice of India J.S. Khehar, Dr. Swamy contended that the FIPB approval of any foreign investment worth over Rs.600 crore should first be vetted by the CCEA.


Dr. Swamy contented that a total transaction of Rs. 3,500 crore or $800 million dollars were made in the Aircel-Maxis deal, according.

"Was he [the former Finance Minister] was aware of the fact that the deal was over Rs. 600 crore and he had to send it to the CCEA?" Chief Justice Khehar asked.


For which Dr. Swamy responded "He was th Finance Minister. There is a Presentation of the proposal before the FIPB. He needs to know."

"That he is supposed to know is quite another thing… What material do you have to show that he knows? What is the material that you have placed before us to prove his knowledge?" Chief Justice Khehar asked.


" Fact of the matter is no minister can claim that he did not know.. the matter is before the CBI, they have examined and had filed sealed cover reports before in this court in 2015. The CBI should now tell this court what prove has been made," Dr. Swamy submitted.


"You have to give us concrete material that he was privy… We will issue notice to the smallest, biggest, the highest person… but you have to prove your allegation with records first. Show us material;," said Chief Justice Khehar.

The court has offered Mr. Swamy some time to bring the material. The latter agreed to prove the court with material in two weeks.

Recently, all the accused including the Maran brothers in the case have been discharged, by the 2G Special Court.

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