The SC told Subramanian Swamy on Friday to show “some concrete documentary proof” against the former FM P Chidambaram’s who is alleged of illegally permit Malaysian firm Maxis to acquire 100% stake in Aircel through FDI in 2006.
“Issuing notice on your petition is no big deal. We can issue notice to the smallest and the biggest or the highest. But we do so only when we are satisfied that there is at least some prima facie proof of involvement,”
a bench of Chief Justice J S Khehar along with a few other judges cleared on Friday in “inappropriately and illegally” permitting Maxis to acquire 100% stake in Aircel. He added that his petition had nothing to do with the discharge of the Maran brothers in the Aircel-Maxis deal case.
“What I want is a probe into Chidambaram’s role for the two-fold illegalities committed by him. One, no foreign firm was permitted to acquire 100% stake in an Indian company, whether directly or indirectly. Two, the total deal was worth Rs 3,500 crore and Chidambaram could not have accorded Foreign Investment Promotion Board permission without mandatorily sending it to Cabinet committee on economic affairs (CCEA),”