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  4. Dayanidhi Maran in trouble, CBI tells SC, powerful Malaysian group stalling Aircel-Maxis probe

Dayanidhi Maran in trouble, CBI tells SC, powerful Malaysian group stalling Aircel-Maxis probe

New Delhi, Nov 8 : The Central Bureau of Investigation has told the Supreme Court that a politically and economically powerful person in Malaysia was stalling the probe into the foreign angle in the Aircel-Maxis

PTI PTI Updated on: November 08, 2012 8:17 IST


He said the Mauritius government was extending full cooperation and the delay was on the part of Malaysia in giving information.  

To a question from the Bench, he said Malaysia was bound by the Mutual Legal Assistance Treaty, yet there was delay in its furnishing the information.  

According to the First Information Report registered by the CBI last year, Sivasankaran (who had originally sought spectrum licence) was forced to sell Aircel.  

In March 2006, the Maxis group owned by Malaysian business tycoon T. Ananda Krishnan bought 74 per cent stake in Aircel. The company got FIPB approval in May 2006.

In November 2006, the Department of Telecommunications issued to Aircel 14 Letters of Intent, all of which were converted into licences in December 2006.  

Within three months of this development,  Maran's family owned business (Sun Direct) received substantial investment from the Maxis Group (Aircel), which took 20 per cent equity.  

The FIPB approved this investment on March 2 and 19, 2007.  

The Maxis group invested a total of Rs 599.01 crore in Sun Direct between December 2007 and December 2009. 
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