P Chidambaram, Son Granted Bail In Aircel-Maxis Case

The senior Congress leader and his son were earlier granted anticipatory bail with bail bonds amounting 1 lakh each. They had moved an application to the court seeking relief, through their lawyer Arshdeep Singh.
P Chidambaram, Son Granted Bail In Aircel-Maxis Case

P Chidambaram and son were granted bail

A Delhi Court on Wednesday granted bail to former Union minister P Chidambaram and his son Karti in the high-profile Aircel-Maxis deal in which the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) had filed cases of corruption and money laundering respectively.

The senior Congress leader and his son were earlier granted anticipatory bail with bail bonds amounting 1 lakh each. They had moved an application to the court seeking relief, through their lawyer Arshdeep Singh.

They appeared before the court after it summoned them, having taken cognizance of the charge sheets filed by the probing agencies in the case.

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The court had earlier directed the central agencies to file a status report in the Aircel-Maxis case which was adjourned sine die.

Notably, the cases against Chidambaram and his son were filed after irregularities in the grant of Foreign Investment Promotion Board approval in the Aircel-Maxis deal came to light.

The approval had been granted in 2006 when Chidambaram was the Finance minister.

The central probing agencies, CBI and ED, had alleged that Chidambaram being the finance minister then, had granted approval to the deal beyond his capacity which benefited certain people and had received kickbacks for it.

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