Aircel is in an expansion overdrive. Can it emerge as a pan-India mobile service company of substance?
Is P Chidambaram in serious trouble? What is the alleged Aircel-Maxis scam? Does Chidambaram and his son have an alleged role in it? With the help of investigative reporter J Gopikrishnan, we shed some light on the controversial issue.
Special Judge O P Saini issued notice to the agency and sought its response by October 8.
Mobile telephony service provider Aircel is taking the philanthropic path.
Mobile phone service provider Aircel said it will launch its 3G services in the first quarter of next year and will invest $500 million for the same in the first year of launch of the services.
Maxis Communications Berhad of Malaysia and its Indian joint venture company will acquire 100 per cent stake in Aircel Limited, a leading Indian mobile operator.\n\n
The CBI had summoned Karti to appear before it on October 4.
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.
As soon as the House met, AIADMK MPs trooped into the Well shouting slogans and demanded action from the government.
Anil Ambani-led Reliance Communications said on Tuesday the government's move to introduce mobile number portability would help GSM players Aircel, Idea and Spice as they enter new circles. The government had on Monday announced that the mobile number portability, under which users would be able to switch operators while retaining their existing cell phone numbers, would be allowed by next year.
The CBI has asked Karti to appear before it on October 4.
Aircel plans to launch 3G services before the cricket World Cup
The Central Bureau of Investigation told the Supreme Court that charge sheet in the controversial Aircel-Maxis deal involving former telecom minister Dayanidhi Maran will be filed shortly as the Attorney General disagreed with the views of its Director Ranjit Sinha to drop the prosecution.
Chidambaram was competent to give approval of upto Rs 600 crore but he gave the approval which was worth approximately Rs 3,500 crore
Earlier, SC had given two weeks to prove Chidambaram deliberately granted FIPB clearance in 2006
Sahara One Media and Entertainment Ltd said on Monday Aircel Televentures would acquire its 14.98 per cent stake for Rs 119.97 crore (Rs 1.19 billion).
We are not a fly-by-night operator, says Sandip Das.
The Supreme Court on Thursday asked the CBI to go ahead with its probe in the Aircel-Maxis deal without waiting for necessary sanction against an official "holding high position" in connection with irregularities in the case arising out of 2G scam.
The Central Bureau of Investigation 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.
"As FM, I granted approval in the normal course of business," he said in a statement.
The Bharatiya Janata Party on Tuesday expressed dissatisfaction over the government's response to the Aircel-Maxis controversy, allegedly involving Home Minister P Chidambaram's family members, and said it would demand a discussion on the issue in both Houses.At the weekly BJP Parliamentary Party meeting, Leader of Opposition in the Rajya Sabha Arun Jaitley briefed the members about the Aircel-Maxis issue.
The Aircel-Maxis row on Monday led to fresh uproar in Rajya Sabha with the Opposition targeting with fresh allegations the son of Home Minister P Chidambaram, who denied any wrongdoing and said the company in question -- Advantage Consulting -- could be probed by the finance ministry.
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.
The Aircel-Maxis case is among 140 pending letters rogatory.
RCom is expected to have a 50% stake, Aircel 40% and MTS 10%
Two-time former singles champion and world No.15 Marin Cilic and Stanislas Wawrinka are set to take part in the 18th Aircel Chennai Open, to be held from December 31 to January 6.
The apex court also modified its interim order granting protection to officer against inquiry.
After registering the case, the agency carried out searches at the premises of Maran brothers in Delhi and Chennai.
A cartoon depicting B R Ambedkar purportedly published in a NCERT textbook and row over Home Minister P Chidambaram's statement in the Aircel-Maxis deal today led to disruption of the Lok Sabha.
Hutch and Aircel jointly lead the customer expectations ranking, ahead of Reliance, Tatas and Bharti as per the latest survey by TNS Celltrack, while MTNL has the dubious distinction of being the last on this overall list covering 13 circles.
The bench in its order noted that the CBI report also dealt with its probe into the alleged violation by FIPB in the Aircel-Maxis deal.
The Opposition on Thursday targeted P Chidambaram in the Lok Sabha over the Aircel-Maxis deal, dubbing it as a "big scam" allegedly involving his son, but the home minister dismissed the charges as "wild and reckless".
Former Aircel Chief C Sivasankaran has told the Central Bureau of Investigation that the then telecom minister Dayanidhi Maran and his brother Kalanidhi had allegedly issued life threats forcing him to sell his firm to a Malayasia-based tycoon, a charge rejected by the Dravida Munnetra Kazhagam leader.
The agency, sources said, has issued the notices under the Prevention of Money Laundering Act (PMLA) and they have summoned the accused to examine them and record their statements.
The Indian telecom boom is not only about numbers. In what is the first of its kind in the domestic telecom industry, telecom operator Aircel will deploy WiMax networks in all 23 circles across the country.
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