The CBI had registered a case against former telecom minister Dayanidhi Maran, his brother MP Kalanithi Maran, Malaysian business tycoon and Maxis owner T Ananda Krishnan, and Maxis Director Ralph Marshall in October 2011.
In a setback to Maran brothers, the Madras high court on Wednesday dismissed petitions filed by Kalanithi Maran owned Sun TV and Kal Communications challenging the attachment of their properties by Enforcement Directorate in connection with money laundering probe in Aircel-Maxis deal.
They were chargesheeted for alleged offences punishable under section 120-B (criminal conspiracy) of IPC and under relevant provisions of the Prevention of Corruption Act.
With the home ministry rejecting the renewal of broadcast licences to Sun group, is it end of the road for Maran brothers? R Ramasubramanian reports from Chennai.
Sun TV's stock ended the day with a loss of 4.84 per cent at Rs 392.10 on the BSE. During the day, it lost 9.54 per cent to Rs 372.70.
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The agency had "almost finished" its probe into the matter, which involved Dravida Munnetra Kazhagam leader and former telecom minister Dayanidhi Maran, an official said.
In April 2013, CBI had first told the Court there were "some difficulties" in the probe after it went abroad.
They are sure not to like this particular one, observes N Sathiya Moorthy
Earlier in the day, rich tributes were paid to Yechury at the Communist Party of India (Marxist) headquarters at the AKG Bhavan here, where his mortal remains were brought from his residence in the morning.
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
Finance Minister Nirmala Sitharaman will present the Union Budget on Tuesday as the Monsoon Session of Parliament gets underway next week with the united opposition set to corner the National Democratic Alliance government on issues ranging from the NEET paper leak case and railway safety.
For decades the Chennai Central parliamentary constituency has been voting for the Dravida Munnetra Kazhagam and this election may not be any different, reports Rediff.com's S Saraswathi.
Mounting bad news takes a toll on Sun TV's stock, but analysts say company's fundamentals still remain strong
The party has brought in three new faces, including Dayanidhi Maran, son of Murasoli Maran, and the widow of a backward Nadar community leader.
Textiles Minister Dayanidhi Maran said in Coimbatore on Tuesday that the government would try to achieve a 7-8 per cent growth in the industry in fiscal year April 2009-March'10.
The government cleared Department of Post initiative on Wednesday to invest the interest earned by postal life insurance scheme to invest in the equity market, IT and Telecom Minister Dayanidhi Maran said in New Delhi.
Stalin's sister and Rajya Sabha MP Kanimozhi will for the first time try her luck in the Lok Sabha.
On August 29, CBI had filed the charge sheet in the case against Dayanidhi, Kalanithi and six others, including four firms.
As the noose tightens around textiles minister Dayanidhi Maran, his party, Dravida Munnetra Kazhagam is quietly but surely distancing itself from him
India's opposition parties have sharply criticized the Union Budget, calling it inadequate to address the country's economic woes and accusing the BJP-led government of using it to woo voters in Bihar and Delhi ahead of upcoming elections. Leaders from the Congress, TMC, DMK, SP, and CPI(M) voiced their disapproval, highlighting concerns over inflation, unemployment, and the lack of substantial measures to support the agricultural sector and the poor. They also criticized the tax cuts for the middle class as insufficient and coming too late after years of high taxes and rising prices.
Acting on a Central Bureau of Investigation's plea, a special CBI court has issued judicial requests to four countries seeking details of the money trail in the Aircel-Maxis deal, in which former telecom minister Dayanidhi Maran is an accused. The Letters Rogatory to the United Kingdom, Bermuda, Malaysia and Mauritius were issued by a Patiala House court last week in the case. The CBI has alleged that Maran had received Rs 547 crore as kickbacks.
In a first, BJP crossed the 10 per cent vote share-mark in Tamil Nadu and has so far registered a share of 10.21 per cent, though it could not emerge in lead positions anywhere.
M K Stalin is the son of M Karunanidhi whose Dravida Munnetra Kazhaghan is a major ally of the Congress party.
Members of the chief minister's family, including his elder son M K Azhagiri in the eye of a political storm following the attack on the Dinakaran office at Madurai, were seen in the gallery.
Voicing concern over the plight of the Tamils in Sri Lanka, the Dravida Munnetra Kazhagam on Friday sought Centre's immediate intervention to ensure relief and rehabilitation to internally displaced Tamils in the island nation.
Ahead of the Budget 2009-10, Textiles Minister Dayanidhi Maran on Friday said efforts will be made to provide fiscal relief, including service tax exemption, to textile exporters reeling under waning global demand.
The CBI has completed its probe against former telecom minister Dayanidhi Maran and others in 2G scam and will approach the Centre for taking sanction for prosecution, the agency told the Supreme Court.
Prime Minister Manmohan Singh on Tuesday fowarded to President Pratibha Patil the resignation letters of the following ministers in the Union council of ministers with the recommendation that they may be accepted.
A policy is being framed to give equal fiscal treatment to all fibres so that common man gets clothing at competitive price, Textiles Minister Dayanidhi Maran said in the Rajya Sabha on Wednesday.
Telecom operators may face a penalty of minimum Rs 1000 for each unverified subscriber, Communication and IT Minister Dayanidhi Maran said in New Delhi on Wednesday.
Ex TRAI chief says Manmohan Singh warned him of harm on 2G issue
With India's IT hotspot Bangalore being weighed down by infrastructure constraints, the government is taking steps to promote other cities like Hubli and Mysore as IT investment destinations.
Nokia, the Finnish mobile handset major, is planning to locate its Network Operations Centre, for Asia operations, in Chennai, Union Minister for Communications and Information Technology, Dayanidhi Maran, said on Monday.\n\n
Maxis Communications Berhad (MCB), which has been named in a CBI chargesheet for alleged wrong doing in sale of Aircel, on Tuesday denied charges of using illegal means to acquire the firm from Siva Ventures and said it will pursue all legal remedies to defend itself and its officials.
India will attract $800 million in the manufacturing of telecom products and equipment during the current fiscal, Union IT and Communications Minister Dayanidhi Maran said on Monday.
Production of mobile phones from Motorola's manufacturing facility, coming up at a special economic zone at Sriperumbudur near Chennai, will begin in the first quarter of next year.
The Telecom Policy 1999 which revolutionised the telecom sector will be revamped soon with the Department of Telecom likely to retain licensing powers.
Top Dravida Munnetra Kazhagam leaders, including party chief M Karunanidhi's son MK Stalin and daughter Kanimozhi, besides thousands of party workers today courted arrest across Tamil Nadu as part of a 'fill-the-jail' protest against the All India Anna Dravida Munnetra Kazhagam government which has "foisted cases" against its cadres.
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