Charge sheet against former Indian Finance Minister Chidambaram in money laundering case

Charge sheet against former Indian Finance Minister Chidambaram in money laundering case

New Delhi, October 25 (Indian Express): India’s Enforcement Directorate on Thursday filed a charge sheet against former Finance Minister P Chidambaram in the Aircel-Maxis money laundering case.

Nine accused have been listed by the agency including Chidambaram. .

The CBI special court has fixed November 26 for consideration of the charge sheet..

The ED had filed the first charge sheet against Chidambaram’s son Karti; later, a supplementary charge sheet was also filed against him.

“As per rules and FDI policy of Government of India in 2006, Chidambaram, the then Finance Minister was empowered to give approval of the foreign investment to the proposals involving foreign investment up to Rs 600 crore (UDS$ 81.8 million) only. The foreign investment proposal of Global Communication and Services Holdings Limited should have been referred to Cabinet Committee on Economic Affairs (CCEA) but it was not done and was approved by Chidambaram under a conspiracy,” said the ED in its second supplementary charge sheet.

It said the charge sheet is based on adequate material evidences which are in the form of email communications retrieved from the seized digital devices from Karti and his associates.

The material evidence reveals routing of proceeds of crime in the guise of bona fide business deals by the beneficiaries of an illegal FIPB approval in the companies of Karti.

The investigation has revealed the financial linkage of Karti Chidambaram and P Chidambaram with these companies, it said.

“There are contradictory and evasive responses, in spite of that ED has collected materials that is corroboratory statements recorded under Section 50 of the PMLA from various persons during the investigation to substantiate the offence of money laundering,” ED said.

The first charge sheet in the case was filed against Karti on June 13 which claimed that he controlled two firms which allegedly received Rs 1.16 crore (US$ 136,490) as bribe in the Aircel-Maxis money laundering case.