New Delhi: CBI on Wednesday sought clarifications from Standard Chartered Bank officials in connection with its probe into former Aircel chief C Sivasankaran's allegations that the then Telecom Minister Dayanidhi Maran forced him to sell his company to Malaysia-based Maxis group in 2006.
The agency has registered a preliminary enquiry into sale of telecom spectrum during 2001-07. Sources in the agency said Standard Chartered was the banker in the deal in which Maxis bought 74 per cent stake in Aircel. They said documents from the bank could provide crucial details about the financial transactions.
They said officials of the bank's corporate wing were quizzed by CBI officials.
Sivasankaran had alleged in a statement before the agency that he was forced to sell his stake in Aircel by Maran and his brother Kalanidhi at a very cheap price to Malaysia-based Maxis, which is considered closed to Marans. ...
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05:47 PM, Jul 13, 2011
New Delhi: Prime Minister Manmohan Singh on Monday was evasive on the future of Textiles Minister Dayanidhi Maran in the Cabinet in the wake of allegations that he could have indirectly benefitted by pay-offs in a telecom deal. "All these matters are being looked into by law enforcement agencies. They should be allowed to do their work without fear or favour," Singh told reporters. He was responding when asked whether...
08:37 PM, Jun 06, 2011
New Delhi: Countering former Aircel chief C Sivasankaran's charge on Monday, DMK leader Dayanidhi Maran said he never forced or arm-twisted the former Aircel chief to sell his business when he was the telecom minister. Countering former Aircel chief's charge, Maran questioned why Sivsankaran didn't go to court. "I will prove my innocence (on Aircel controversy)," claimed Maran. "I am not going to react on any speculation. I want to...
05:34 PM, Jun 06, 2011
New Delhi: Aircel founder C Sivasankaran on Monday told the Central Bureau of Investigation (CBI) that he was forced to sell stake in his company after his applications for telecom licence was rejected in 2006 by former communications minister Dayanidhi Maran, sources said. Sivasankaran went to the CBI office in New Delhi on Monday on his own to meet officials investigating the 2G spectrum allocation from 2001 to 2007, and...
05:24 PM, Jun 06, 2011
New Delhi: The CBI on Monday recorded statement of former Aircel chief C Sivasankaran in connection with its ongoing investigations in the second generation spectrum allocation scam during UPA-I regime. CBI sources said Sivasankaran was asked to meet its officials to clarify certain questions and series of events involving alleged irregularities in spectrum allocation to Aircel, a telecom firm founded by him and later sold to Malaysian firm Maxis. Sivasankaran...
01:12 PM, Jun 06, 2011
