New Indian-Chennai News + more

Members Login
Username 
 
Password 
    Remember Me  
Post Info TOPIC: Subramaniya Swamy welcomes Karthi. P.Chidambarams Notice


Guru

Status: Offline
Posts: 24769
Date:
Subramaniya Swamy welcomes Karthi. P.Chidambarams Notice
Permalink  
 


சுப்பிரமணியம் சாமி மீது ப.சிதம்பரம் மகன் வழக்கு

 
27-karthi-chidambram-swamy.jpg
டெல்லி: மத்திய அமைச்சர் ப.சிதம்பரத்தின் மகன் கார்த்தி சிதம்பரம் ஜனதாக் கட்சித் தலைவர் சுப்பிரமணியம் சாமி மீது அவதூறு வழக்குத் தொடர்ந்துள்ளார்.

கார்த்தி சிதம்பரம் மற்றும் ப.சிதம்பரம் மீது சுவாமி சமீபத்தில் புதிய புகார்களை கூறியிருந்தார். இதுகுறித்து அவர் கூறுகையில், ஏர்செல் நிறுவனத்தை மாக்சிஸ் நிறுவனம் கையகப்படுத்துவதற்கு முன்பு கார்த்தி சிதம்பரத்தின் நிறுவனமான அட்வான்டேஜ், ஏர்செல்லுடன் ஏற்படுத்திக் கொண்ட ஒரு ஒப்பந்தம் மூலம் கார்த்தியின் நிறுவனத்திற்கு ரூ. 26 லட்சம் கிடைத்தது.



இந்த ஒப்பந்தம், பணப் பரிவர்த்தனை ஆகியவை ப.சிதம்பரம் நிதியமைச்சராக இருந்த காலகட்டத்தில் நடந்தது.

ப.சிதம்பரம் மத்திய உள்துறை அமைச்சராக தற்போது உள்ளார். எனவே கார்த்தி சிதம்பரத்திடம் சிபிஐயால் விசாரணை நடத்த முடியாத நிலை நிலவுகிறது. இதனால் 2ஜி ஸ்பெக்ட்ரம் ஊழல் வழக்கில் நியாயமான விசாரணை நடைபெற முடியாத நிலை ஏற்பட்டுள்ளது என்று கூறியிருந்தார்.

ஆனால் இந்தப் புகாரை காங்கிரஸ் கட்சி மறுத்திருந்தது. ரூ. 26 லட்சம் பணம், கார்த்தி சிதம்பரம் நிறுவனத்திற்கு நிர்வாக ஆலோசனைக்காக கொடுக்கப்பட்ட கட்டணம்தானே தவிர வேறு எந்த வகையிலும் வந்த பணம் அல்ல என்று கூறியது காங்கிரஸ். மேலும் ஏர்செல் நிறுவனத்தில் அட்வான்டேஜ் நிறுவனம் எந்த பங்குகளையும் வைத்திருக்கவில்லை என்றும் காங்கிரஸ் கூறியது.

இந்த நிலையில் சுப்பிரமணியம் சாமி மீது கார்த்தி சிதம்பரம் வழக்குத் தொடர்ந்துள்ளார்.


__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

 

MHA is converted into a front office of Karthi Chidambaram

 

Listen to this article. Powered by Odiogo.com

MHA called the press corps and handed over the following press note issued by an accountant who claims M/s Advantage Strategic Consulting Private Limited (i.e. Karthi Chidambaram) as client.

Has P. Chidambaram, his father converted MHA into a front office? Does he have PM's sanction? 

This is blatant abuse of office of the Minister for Home Affairs.

If PC wanted to counter the charges made by Dr. Swamy of PC clan's involvement in 2G scam, PC should do so after resigning from the position he holds as Home Minister.

 

 



__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

PC scam: larger than 2G. PM should ask CBI to charge father-son duo: Dr. Swamy. PC should quit HM position immediately.

 

Listen to this article. Powered by Odiogo.com

PC scam: larger than 2G. PM should ask CBI to charge father-son duo: Dr. Swamy. PC should quit HM position immediately.

Published: April 27, 2012 01:45 IST | Updated: April 27, 2012 01:45 IST 

Swamy now wants wider CBI probe in Aircel-Maxis deal

Special Correspondent

Janata Party leader Subramanian Swamy, who awaits a court decision on his plea that P. Chidambaram be investigated for his alleged role in the 2G telecom scam, launched a fresh salvo against the Union Home Minister and his son, Karti, on Thursday.

In a press meet, Dr. Swamy released a three-page letter to the Prime Minister, dated April 24, demanding Mr. Chidambaram's resignation and seeking the inclusion of father and son in the CBI's probe on the sale of telecom firm Aircel to Malaysia-based Maxis.

His main allegation centres round what he claimed was a “dubious transaction” between a firm “controlled” by Mr. Karti – which he identified as M/s Advantage Strategic Consulting Private Ltd. — and Aircel in March 2006, just before Maxis' investment of Rs. 4,000 crore.

Dr. Swamy alleged that Mr, Chidambaram, as Finance Minister, ensured that the Foreign Investment Promotion Board (FIPB) clearance on the Aircel-Maxis deal was given only after that transaction.

The Hindu is unable to verify the authenticity of the documents circulated by Dr. Swamy at his press conference to back up his claims.

Mr. Karti Chidambaram could not be reached for his comments but the chartered accountant of M/s Advantage Strategic Consulting Pvt Ltd, R. Balachandran, issued a press note in Chennai saying that his client “had taken notice of the press meet held by Dr. Subramaniam Swamy … The company states that they have placed the matter in the hands of their lawyers to take appropriate legal action immediately.”

Dr. Swamy alleged that despite his having written to the CBI and the Enforcement Directorate on the matter, they were limiting their probe to the role of Mr. Maran and his brother in the matter.

Mr. Sivasankaran has earlier independently alleged that licences vital for his business were held up by Mr. Maran. The Licences were only granted after Mr. Sivasankaran sold Aircel to Maxis.

http://www.thehindu.com/news/national/article3357676.ece?css=print

Swamy claims PC used clout to benefit son

Friday, 27 April 2012 00:12

Pioneer News Service | New Delhi

Janata Party president and 2G scam crusader Subramanian Swamy has alleged that Home Minister P Chidambaram used his office as Finance Minister in 2006 to help his son Karti get a portion of the booty in the Rs 4,000 crore Aircel-Maxis deal. Swamy has asked Prime Minister Manmohan Singh to dismiss Chidambaram from the Union Cabinet and direct CBI to bring the father-son duo under the ambit of on-going probe in the Aircel-Maxis deal.

Addressing a Press conference on Thursday, Swamy released documents of Registrar of Company (RoC) pertaining to “Karti-controlled companies”, and alleged that Foreign Investment Promotion Board (FIPB) under Chidambaram cleared the Rs 4,000 crore Aircel-Maxis deal only after his son got “five per cent shares in C Sivasankaran’s Aircel Televenutre Ltd”.

Meanwhile, according to PTI, Karti Chidambaram has dismissed Swamy’s charges. “There is no no truth. None of the companies in which Karti has any interest holds any equity in nor has given any loan to any telecom company,” sources close to Karti said.
Producing a set of documents, Swamy claimed that Karti has 94 per cent shares in a company called Ausbridge Holdings Investments Pvt Ltd, which has majority stakes in two other companies, namely Advantage Strategic Consulting Pvt Ltd and Kaiser Surya Samudra Resorts Pvt Ltd.

Swamy said RoC documents of Advantage Strategic Consulting Pvt Ltd, showed that before March 31, 2006, it had transferred Rs 26,00,444 to Siva’s Aircel Televentures Ltd as loans and advances. “This payment was obviously made to acquire shares of Aircel Televentures, which controlled the Aircel Ltd and Aircel Cellular Ltd,” he said.
What is bizarre is the fact the loan amounted to Rs 26,00,444 where as in normal cases such transaction should have been a round figure.

After Maxis acquired majority stakes in Aircel by paying Rs 4,000 crore to the holding company Aircel Televentures, the latter changed its name to Siva Ventures Ltd. Swamy said that for its five per cent shares, Karti’s company must have pocketed Rs 200 crore from this Malaysian booty.

“Chidambaram approved the FIPB clearance of Aircel-Maxis deal in May 2006 after his son got around five per cent shares in Siva’s company. The accounts of Siva Ventures showed that after the transfer of money from Maxis, the company gave a loan of Rs 1,300 crore to certain associate companies without specifying their names. This is a mystery. Where did such huge amount go?”

In a letter to the Prime Minister seeking dismissal of Chidambaram, Swamy said that CBI’s ongoing probe in the Aircel-Maxis deal is limited only to Maran brothers. “During March first week this year, at a Press conference in Chennai, I announced the names and details of several companies where Karti P Chidambaram is a director. Within few days on March 9, 2012, Karti resigned from the Directorship of one company called Ausbridge Holding and Investments Pvt Ltd, where he had more than 94% shares.

“After I checked the accounts of this company, I found that his company has majority shares in two companies, namely : Advantage Strategic Consulting Pvt Ltd and Kaiser Surya Samudra Resorts Pvt Ltd. The accounts of these companies were totally manipulated and some Balance Sheets were filed even after five year,” wrote Swamy to Prime Minister in his three-page letter detailing the “doubtful financial transactions of list of Karti controlled companies and their dubious operations.”

“It is not possible for the CBI officers who mainly belong to IPS cadre to probe into Home Minister and his son’s role, even though they have solid proof. In the ongoing probe on the Aircel-Maxis deal, where CBI had registered FIR, the role of P Chidambaram and his son Karti should also be through probe. Such kind of impartial probe is not possible for CBI Officials, when P Chidambaram is Home Minister, who controls their cadre-IPS,” said Swamy.

The 2G crusader announced that he would soon approach courts, demanding to probe Chidambaram and son. “My case is reserved for orders on making him as co-accused along with A Raja in Supreme Court. Now I have produced Chidambaram’s son’s financial transactions during the Aircel-Maxis deal period. If CBI can fix Karunanidhi’s daughter for having financial transactions with Balwa related company, the same rule will apply to Chidambaram’s son also. CBI is aware of Karti’s link in the Aircel-Maxis deal. That is why they are going slow in Maran case,” said Swamy.

Swamy also produced the RBI’s monthly report for the month of September 2011 about outward FDI flow. According to this report, Advantage Strategic Consulting Pvt Ltd has a wholly owned subsidiary in Singapore, named as Advantage Strategic Consulting Singapore Pte Ltd. The report shows a transaction of 1.8625 Million US dollar from Indian parent company to Singapore based subsidy. “This is only a transaction of just a month. I had sought RBI for the entire transaction from 2006. These huge transactions are not shown in the RoC documents of Indian company,” he said.

Swamy also produced documents of another “Karti controlled company” Kaiser Surya Samudra, which owns 4.62 hectares near the Mahabalipuram beach, near Chennai. “This transaction took place during Kanimozhi’s financial transaction with Balwa during 2008-2009. This company got approval from Karunanidhi government in lighting speed in the sensitive beach resort to construct 100 luxurious room,” alleged Swamy.

“But the RoC documents are silent on the source funds of this Rs.100 crore worth project. It shows only a pittance of Rs.1.5 lakh as loan from Home Minister’s wife Nalini Chidambaram,” added Swamy, urging Tamil Nadu Chief Minister to order a probe on the huge land purchase in the sensitive beach area.

http://dailypioneer.com/home/online-channel/360-todays-newspaper/60845-swamy-claims-pc-used-clout-to-benefit-son.html

Swamy complains to PM about Chidambaram, son

Express news service Posted online: Thu Apr 26 2012, 18:12 hrs

New Delhi : Janata Party chief Subramanian Swamy has written to the Prime Minister, asking him to remove Home Minister P Chidambaram from his council of ministers for his alleged role in delaying the Aircel-Maxis deal to help his businessman-turned politician son Karti.
Addressing the media here, Swami also distributed material, which he claimed was “prima facie evidence” against Karti Chidambaram. He demanded the CBI include the Home Minister and his son in its investigation on the sale of Aircel to Malaysia-based Maxis in its ongoing 2G probe.

While attempts to talk to Karti failed since he is out of the country, sources close to him strongly denied Swamy's allegations, terming these as "blatant lies". ''Mr Swamy conveniently muddies facts and fiction to come up with inferences of his choosing. No company directly or indirectly held by Karti Chidambaram owns or owned in the past any equity directly or indirectly in Aircel or for that matter is any telecom company,” sources said.

Swamy is petitioner in a case in the Supreme Court where he is seeking to make Chidambaram a co-accused along with former Telecom Minister A Raja in the 2G pricing case. On April 24, the SC reserved its order on whether to issue a notice to Chidambaram on the plea.

In his three-page letter, dated April 24, Swamy has said Chidambaram should be asked to resign as Home Minister. He also alleged that Karti benefitted from Chidambaram's position as Finance Minister in the UPA-I, allegedly earning huge profits during the sale of Aircel which Chidambaram sanctioned in 2006. ''He (P Chidambaram) used his position to benefit his son,'' Swamy said.

He alleged on March 31, 2006, there was a financial transaction worth Rs 2,600,444 between Advantage Strategic Consulting Private Limited, in which Karti holds majority share, and Aircel Televentures Limited, which at that time owned Aircel and Aircel Cellular.

He alleged that Karti’s company gave this money as loan to Aircel but it was later converted into shares.

''Karti became five per cent share holder in Aircel,'' Swamy claimed. He said when Maxis acquired Aircel, Karti continued to remain a shareholder.

Swamy claimed in 2005, Malaysian telecom company Maxis approached Aircel's then owner, C Sivasankaran, for the sale of 74 per cent stake for about Rs 4,000 crore.

This deal, Swamy claimed, required the clearance of the Foreign Investment Promotion Board (FIPB). ''But Chidambaram delayed it because he wanted a cut. This is my allegation," Swamy said.

He alleged before the deal was cleared by the FIPB, Ausbridge Holding and Investments Pvt Ltd, in which Karti Chidambaram was a 94 per cent equity holder, bought shares in Advantage Strategic Consultancy Pvt Ltd, which had a controlling interest in Aircel. When the deal was cleared by the FIPB, Karti made huge profits, he said.

Swamy said he has written to the CBI, Enforcement Directorate and Registrar of Companies about the alleged irregularities.

Incidentally, Maxis is already under CBI scanner for being one of the alleged beneficiaries of the 2G scam, with former Aircel chief C Sivasankaran alleging Dayanidhi Maran favoured Maxis in its takeover bid. The CBI which is investigating the deal has alleged that Maran received Rs 547 crore as kickbacks from Maxis.

Swamy also said if the Prime Minister didn't act on his complaint, he would file a case, seeking an independent probe into the matter.

Swamy also alleged that M/s Kaiser Surya Samudra Resorts Pvt Ltd, allegedly controlled by Karti, had been granted clearance by the Tamil Nadu State Coastal Zone Management Authority and other departments in 2009-2010 to construct a 4.62 hectare, beach front-luxury resort at Mutukad village.

He accused the previous K Karunanidhi government in Tamil Nadu of having given all clearances in ''lightning speed'' to this project, allegedly violating all norms.

Swamy claimed ''several people and previous owners'' of the properties and lands bought for the project had complained there was ''a heavy element of coercion in the acquisition of land''. He alleged there was ''a huge trail and flow of illegal fund in this project and the Registrar of Company in Chennai has no documents or details or fund flow of this huge project in their records''.

Swamy said he has brought these alleged violations to Chief Minister J Jayalalitha's notice. In a letter written to her earlier this month, he has requested her to institute a probe.

http://www.indianexpress.com/news/swamy-complains-to-pm-about-chidambaram-son/941961/0


__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

Welcome an opportunity to cross-examine Mr. Karthi Chidambaram. PC should resign immediately: Dr. Swamy

 

Listen to this article. Powered by Odiogo.com

April 27, 2012

Statement of Dr. Subramanian Swamy, President of the Janata Party.

The threat of a defamation case issued yesterday by company officials on behalf of Mr. Karti Chidambaram with regard to my allegation of his involvement in the 2G Spectrum Scam is laughable. I would welcome an opportunity to cross-examine Mr. Karti Chidambaram in the court of law which will save me the trouble of approaching the Special 2G Spectrum court for filing a fresh private complaint. In the meantime I demand that the mother and son duo of Ms Nalini Chidambaram and Karti Chidambaram to explain the number of trips they have made to Malaysia during 2005-2007, and whether the CEO or any other official of Maxis received them and put them in hotels. I once again demand that Mr. Chidambaram should be asked to immediately resign because no fair and free investigation can take place as long as he continues to be the Home Minister.


( SUBRAMANIAN SWAMY )

Subramanian Swamy faces defamation suit over Aircel allegations
Reported by Sanjay Pinto | Updated: April 27, 2012 14:18 IST

New Delhi: A company based in Chennai, partly owned by the Home Minister's son, Karti, has decided to sue Janata Party President Subramanian Swamy for defamation. 

Mr Swamy alleged publicly yesterday that union minister P Chidambaram's son, Karti, owns a large part of this company, and that it benefited in 2006 from his father's position as Finance Minister to earn huge profits during the sale of telecom Aircel. 

Mr Swamy responded today by saying, "A company can't sue me ...the allegations are against Karti."

Also Read
BJP alleges ambulance scam in Rajasthan, company linked to two ministers' sons
2G scam: Court to deliver order on Subramanian Swamy's petition against Chidambaram on Feb 4
Also See
1:02
2G scam: Subramanian Swamy to argue on Jan 21 on why Chidambaram should be summoned
1:27
Son is Chidambaram's 'home' minister
In a three-page letter dated April 24 to the Prime Minister, Mr Swamy had said that Mr Chidambaram should be asked to resign as Home Minister and that the CBI should include the minister and his son, in its investigation on the sale of telecom Aircel to Malaysia-based Maxis.

Mr Swamy says that in 2005, telecom company Aircel was verging on bankruptcy. Its then owner, C Sivasankaran, was approached by Maxis, which wanted to pick up 74% stake in Aircel for nearly Rs. 4,000 crore, according to Mr Swamy. He says that this deal needed clearance from the Foreign Investment Promotion Board, which was headed by Mr Chidambaram. 

Mr Swamy alleges that Karti Chidambaram owned 94% equity in a company named Ausbridge Holding and Investments Pvt. Before the Aircel deal was sanctioned, he claims, this firm bought shares in the holding company for Aircel, named Advantage Strategic Consultancy Pvt Ltd. After his father cleared Maxis' purchase of Aircel, Mr Swamy alleges, Karti Chidambaram made considerable profits, though he did not specify how much.

Stake-holders in Advantage say Mr Swamy has distorted the facts. They say that in 2006, their firm did not buy stake in Aircel, either directly or indirectly. Instead, they claim, Advantage provided services to Aircel for which their firm was paid 25 lakhs. It was towards the ends of 2010, they claim, that Karti Chidambaram's Ausbridge Holdings bought equity in Advantage. They maintain that Advantage has no stake - then or now - in Aircel.

The Aircel-Maxis deal is already being studied on different grounds by the CBI. Then Telecom Minister, Dayanidhi Maran, is being investigated for allegedly misusing his office.

Mr Sivasankaran has alleged that licenses vital for his business were held up by Mr Maran, who was allegedly pressuring him to sell Aircel to the owner of Maxis, T Ananda Krishnan. After Mr Sivasankaran sold Aircel to Maxis, the licenses he had applied for were granted. The CBI is checking whether Rs. 600 crore invested by Maxis in Sun Direct, owned by Mr Maran's brother, Kalanidhi, was a quid pro quo.

Mr Swamy, who is the Janata Party president, was turned down in February by a Delhi court when he asked that Mr Chidambaram be investigated by the CBI for his role as Finance Minister during another telecom scam in 2008 - this one allegedly orchestrated by A Raja, who took over from Mr Maran as telecom minister in 2004. Mr Raja is in jail for awarding mobile network licenses at clearance prices to ineligible companies - he threw in spectrum for free. Mr Swamy says that as Finance Minister, Mr Chidambaram failed to prevent Mr Raja from gypping the country of thousands of crores, and that he sanctioned the low prices fixed by Mr Raja.
http://www.ndtv.com/article/india/subramanian-swamy-faces-defamation-suit-over-aircel-allegations-203151

http://www.youtube.com/watch?v=9qgcZgS9wgcChidambaram's son benefitted in 2G scam: Swamy-NewsX

PC used position to benefit son, alleges Swamy
New Delhi, April 26 ,2012, DHNS:
‘Karti’s firm partook in Aircel bounty’
Janata Party chief Subramanian Swamy on Thursday made fresh allegations against Home Minister P Chidambaram, accusing him of delaying permission for the sale of Aircel to Malaysia-based firm Maxis in 2006 when he was the Finance Minister so that his son Karti financially benefited.

In his letter to Prime Minister Manmohan Singh, Swamy demanded Chidambaram's resignation and wanted a direction to the CBI to include the names of the Minister and his son in the FIR on Aircel-Maxis deal along with former Telecom Minister Dayanidhi Maran.

Swamy alleged that Advantage Strategic Consulting Private Limited, a company controlled by Karti Chidambaram, entered into a financial transaction with Malaysian businessman Sivasankaran’s Aircel Televenture in March 2006. 

In May 2006, FIPB (Foreign Investment Promotion Board) approved the Malaysia’s firm Maxis investment of around Rs 4,000 crore in Aircel (where Maxis purchased 74 per cent share in Aircel).

Soon after the deal between Aircel and Maxis was completed, Rs.1,300 crore went out of Aircel in the form of loan without mentioning mandatory specification, he charged. 
Swamy alleged that the reason Advantage Strategic Consulting partnered Aircel was to share Rs 4,000 crore invested by Maxis in Aircel.

Sources close to Karti Chidambaram dismissed the allegations as “baseless”.
Suspecting that entire transactions were dubious, he charged Chidambaram with using his position as finance minister and ensuring that FIPB would clear the Aircel-Maxis deal only if his son Karti controlled company got share in Sivasankaran’s Aircel Televenture Limited to get the booty from Maxis. 

Swamy further alleged that the monthly report of RBI’s Overseas Investment Division on outward FDI from India showed that Advantage Strategic Consulting Private Limited has a wholly owned subsidiary (WSO) with a similar name in Singapore - Advantage Strategic Consulting Singapore PTE Limited. 

The monthly reports from 2006-2012, show that several millions of US dollars were transferred each month from India to the company’s Singapore subsidiary.

According to RBI report, the Singapore subsidiary’s major activities are in Financial, Insurance, Real Estate and Business Services. 

“Till 2008 December, Chidambaram was Finance Minister and here question arises how his son indulged in financial and insurance business in India and Singapore,” Swamy said. None of the transactions by Karti’s companies with entities abroad were shown in the financial statements filed with Registrar of Company in Chennai, Swamy said.

He said he had already written to the CBI, Enforcement Directorate and the Registrar of Companies regarding "dubious financial transactions" during the period of the deal. 

Swamy alleged that CBI and ED were limiting their probe to the role of Marans, Dayanidhi and Kalanidhi, in the matter. The Congress party refused to react to the allegation against one its most important ministers.

"How am I am responsible for answering to allegations about Karti Chidambaram's business deals? He can himself reply to Swamy's allegations," party spokesperson Renuka Choudhary told reporters.

http://www.deccanherald.com/content/244962/chidambarams-son-profited-2g-deal.html#


__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

PC rebuts charges against son as BJP screams scam 

TIMES NEWS NETWORK 

New Delhi: The hostility between home minister P Chidambaram and the BJP flared up again on Thursday,with both sides locking horns over the allegation that the former finance minister had misused his office to help son Karti acquire business interests in telecom operator Aircel.
Tempers flared,sharp words were exchanged and the Lok Sabha was repeatedly interrupted on Thursday as the BJPs charge that Chidambaram had an interest in the Aircel-Maxis deal was angrily rebutted by the Congress.
The House plunged into turmoil after BJP leader Yashwant Sinha alleged a big scam and said Karti picked up a 5% stake in Maxis,a Malaysian company,ahead of a controversial takeover by Indian telecom firm Aircel.With finance minister Pranab Mukherjee,who is also the leader of House,present,chaos reigned supreme.
In the afternoon,Chidambaram read out a clarification issued by Karti,denying that he or any member of his family had acquired or held any stake in Aircel or Maxis.The minister added that he had no interests in any telecom company.
The BJPs attack,part of an ongoing offensive,is based on Janata Party leader Subramanian Swamys allegation that Chidambaram as finance minister delayed the FIPB clearance for Aircel-Maxis until Karti got a share in Aircel Televentures Ltd,owned by C Sivashankaran.

SWAMYS CLAIMS 



Advantage Consulting,controlled by Chidambarams son Karti,paid about 26 lakh to Aircel Televentures owned by C Sivasankaran 
Transaction took place months before Malaysias Maxis invested 4,000cr by acquiring 74% of Aircel After Aircel-Maxis deal,1,300cr went out of Aircel Televentures in loans without mentioning beneficiaries Subramanian Swamy alleges Chidambaram (as finance minister) delayed clearance to Aircel-Maxis deal to benefit his son



__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

Apex court permits Swamy to file plea against Chidambaram 

TIMES NEWS NETWORK 

New Delhi: The Supreme Court on Thursday permitted Janata Party president Subramanian Swamy,who was one of the petitioners to question the irregular allotment of 2G spectrum in 2008,to file an application making allegations against home minister P Chidambaram in the Aircel-Maxis deal.
Under the monitoring of the SC,the CBI is investigating the alleged role of former telecom minister Dayanidhi Maran in forcing out the original promoter to facilitate entry of Malaysian firm Maxis into Aircel followed by alleged investments by the foreign firm in Sun TV,owned by the Maran family.
Swamy informed a bench of Justices G S Singhvi and K S Radhakrishnan that the ongoing CBI probe into the Aircel-Maxis deal had a very narrow scope because it focused only on Marans role in arm-twisting Aircels owner to sell his stake to the Malaysian firm.
Swamy alleged that the then finance minister,as chairman of Foreign Investment Promotion Board (FIPB),had cleared Maxiss takeover of Aircel even though the buyout of shares was beyond the permissible 74% cap.Swamy alleged that Maxis held 74% directly in Aircel besides having control over nearly 26% of the equity through a joint venture with Sunita Reddy.

Supreme Court permits Centre to withdraw 2G review plea 


A five-judge constitution bench of the Supreme Court on Friday will hear the Presidential Reference seeking the apex courts opinion on a host of queries arising from the 2G judgment,including whether judiciary had encroached into the executives policy domain by mandating auction for allocation of natural resources including spectrum.
The Presidential Reference No.1 of 2012 is listed for hearing before a bench comprising Chief Justice S H Kapadia and Justices D K Jain,J S Khehar,Dipak Misra and Ranjan Gogoi.In a 12-page reference under Article 143(1) of the Constitution,the President on April 12 had sought the court's opinion on eight questions,including the effect of the judgment -- which ordered auction of the 122 cancelled 2G licences -- on spectrum allotted since 1994 on a first-come first-served basis (FCFS).


Pc0101700.jpg 



__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

PC scam, Aircel-Maxis. Ananda Krishnan's No. 2 wanted in Indonesia to face fraud charges

 
ralphl.jpg
logo.jpg

Ananda Krishnan’s No. 2 wanted in Indonesia to face fraud charges
ARCHIVES 2012
Tuesday, 01 May 2012 

(The Malaysian Insider) - Indonesian police are looking to arrest Ralph Marshall, the right hand man of Malaysian multi-billionaire T. Ananda Krishnan, over fraud and money laundering charges, the republic's media have reported.

Indonesian news outlets said that Marshall, who is group CEO of Astro All Asia Networks, is now officially on the Wanted Persons List (Daftar Pencarian Orang) and police chiefs across the country have been directed to arrest him.

This comes after Marshall was put under probe last October by India's Central Bureau of Investigation (CBI) for charges related to criminal conspiracy over a deal involving Maxis and Indian telco Aircel.

BeritaSatu reported on April 22 that the Indonesian Police put Marshall on the Wanted Persons List after it was established that he was a suspect in a case of criminal forgery while he was involved with Astro's Indonesian venture.

Marshall had earlier been accused of forging documents that resulted in some US$90 million (RM270 million) in losses to Astro's then partner in Indonesia PT Ayunda Prima Mitra.

The attorney for PT Ayunda Prima Mitra, Eko Purwanto was quoted by BeritaSatu as saying that the Wanted Persons letter contained instructions for police chiefs across the nation to arrest Marshall and bring him in for questioning.

Abimanyu Kameshwara, another lawyer for First Media subsidiary Ayunda Prima Mitra, said Marshall was accused of misusing operational funds from Astro Nusantara worth US$90 million.

First Media is part of the Lippo Group, with which the Jakarta Globe is affiliated.

A pay television company partly owned by Ayunda, Direct Vision, partnered with Astro All Asia Networks from 2006 to 2008 to provide satellite television service for Indonesians under the Astro Nusantara trademark.

Astro Nusantara ceased operations in October 2008 due to a commercial dispute between Astro All Asia and Lippo Group, according to the Jakarta Globe.

Another report in Republika Online on April 25 quoted Astro's lawyer as saying that Marshall would not surrender himself to Indonesian authorities.

Astro's attorney, Hafzan Taher, said the allegations against Marshall were groundless and “misleading,” according to a report in the Jakarta Globe.

“Ralph Marshall never had an operational function in Direct Vision nor did he ever have responsibility in the company,” Hafzan’s law firm, Soemadipradja & Taher, said in a statement.

"If he goes to Indonesia, it would be the same as handing his neck over for a hanging," said Hafzan. "This is an unfortunate situation as Ralph Marshall is the CEO of a large concern."

Hafzan had also earlier demanded a clarification from the police over the naming of Marshall as a suspect as he claimed that the police had dropped the case in 2010 due to a lack of evidence.

According to Media Indonesia, Marshall is being suspected of forging documents that made it appear as if Direct Vision was in debt to Astro Nusantara to the extent that it incurred losses to PT Ayunda Prima Mitra to the tune of US$90 million.

Closer to home, Indian police arrived in Malaysia late last month in a bid to gain access to information related to Maxis’s controversial acquisition of India's Aircel that allegedly involved RM351 million in kickbacks to former Indian Telecommunications Minister Dayanidhi Maran and his brother.

The CBI had filed the graft case on October 10 last year against Ananda, who controls Maxis, Marshall, who is a non-executive director at Maxis, and the Marans.

“The agency wants to know details of some financial transactions... besides recording the statement of a non-executive director of the company who has been named... by CBI in October last year,” The Times of India reported, referring to Marshall.

Both Dayanidhi and Maxis have denied any wrongdoing, with the latter insisting its RM2.5 billion purchase of the Aircel stake from Sivasankaran was on a willing-buyer, willing seller basis.
http://malaysia-today.net/archives/archives-2012/49054-ananda-krishnans-no-2-wanted-in-indonesia-to-face-fraud-charges


__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

2G scam: PC Aircel-Maxis phoney deal. PC is a liar, I'll prove it: Dr. Subramanian Swamy

 
http://bharatkalyan97.blogspot.in/2012/05/2g-scam-pc-fraud-in-aircel-maxis-deal.html
12.5.12

2G scam: PC fraud in Aircel-Maxis deal. FM should answer 6 questions -- Dr. Subramanian Swamy

May 12, 2012. 

Statement of Dr. Subramanian Swamy, President of the Janata Party.

I demand that the Finance Minister Mr. Pranab Mukherjee must answer six questions in Parliament on Monday,

(1) how the Ministry of Finance issued a Press Release to say that the Aircel Maxis equity purchase clearance in the Foreign Investment Board meeting presided over by the then Finance Minister Mr. P. Chidambaram was given on March 7, 2006 when the PIB website even today does not disclose this clearance amongst the clearances of other deals made on that day.

(2) The meaning of the “clearance” given by the FIPB that at the October 3rd ,2006 meeting to the Aircel- Maxis deal, as announced in PIB website of October 17, 2006.

(3) The Finance Minister should disclose how is it that when the Malayasia Stock Exchange was informed by the Maxis that their controlling interest in Aircel was actually 99.3%, far above the FBI rule that it could not exceed 74%. 

(4) Mr. Mukherjee must make clear whether a fraud was committed by including a dummy joint venture called Deccan Digital Network to beat the FDI rule.

(5) Mr. Mukherjee should also make clear to Parliament the conclusions of the investigations carried out by the FIPB since he became Finance Minister, and also agree to lay the said report on the Table of the Parliament. He should also disclose whether the DoT also conducted an enquiry into this share purchase fraud through a dummy JV and whether the said enquiry by the DoT has been completed.

(6) Mr. Mukherjee must also clarify whether the CBI has gone into this question since it is a criminal offence under Section 13(1)(d)(iii) of the Prevention of Corruption Act.

( SUBRAMANIAN SWAMY )
Chidambaram is a liar, I'll prove it: Subramaniam Swamy
INDIA TODAY ONLINE | New Delhi, May 10, 2012 | 15:44
Janata Party president Subramaniam Swamy on Thursday stepped up his attack on P Chidambaram even as the Government's best efforts to protect its Home Minister in the Lok Sabha fell flat.

After urging the Supreme Court to order a CBI inquiry into the Aircel-Maxis deal, Swamy declared: "Chidambaram is not Harishchandra. He is a liar. I'll prove that Chidambaram is a liar."

Chidambaram and his son Karthi are alleged to have benefited from the suspect telecom deal, signed in 2006. Chidambaram was the Finance Minister at the time and Karthi is alleged to have picked up a five percent stake in the company.

Meanwhile, Opposition parties reiterated their demand for a reply from the government on the issue in the Lok Sabha. BJP leader Shahnawaz Hussain said, "We want the government or Pranab (Mukherjee) to give a reply, not Chaidambaram in individual capacity.

"We want to know whether he (Chidambaram) and his family has shares in the company or not. We will raise this issue again if we are not happy with the response."

http://indiatoday.intoday.in/story/chidambaram-is-a-liar-ill-prove-it-subramaniam-swamy/1/188167.html

Faceoff over ‘phoney’ deal
By KAY BENEDICT
PUBLISHED: 21:18 GMT, 10 May 2012 | UPDATED: 21:18 GMT, 10 May 2012


Senior BJP leader Yashwant Sinha managed to do what many have failed - rattle Union home minister P. Chidambaram and finance minister Pranab Mukherjee at the same time and on the same day. 
Citing a newspaper report and Janata Party chief Subramanian Swamy's allegations, he pushed Chidambaram to the wall in chaste Hindi during Zero Hour in the Lok Sabha on Thursday. 

'Madam, 2006 mein hamare desh mein ek company thi, jiska naam Aircel tha. Woh company Malaysia ki ek company ko Rs4,000 crore mein bech di gayee. Tab se yeh vivida khada hua hai (Our nation had a company named Aircel in 2006. It was sold to a Malaysian company for Rs4,000 crore. Since then, there has been a controversy).'

Pushed to the wall: Home Minister P. Chidambaram (left) was under pressure from BJP leader Yashwant Sinha

Sinha said, referring to then finance minister Chidambaram's alleged role in the Aircel-Maxis deal in 2006 through which his son Karti reportedly got five per cent stake in one of the companies. Sinha wanted to know why and how Aircel sold 99.3 per cent of its shares to Maxis when the rule says it cannot offload more than 74 per cent. 

'The deal became controversial because then finance minister's (Chidambaram) son bought 5 per cent equity. This is conflict of interest. The government should come out in the open. The finance minister (Mukherjee) should make a statement,' he said. 

OUTRAGE
Opposition MPs were outraged in the Lok Sabha when BJP member from the Andaman and Nicobar Islands, Bishnupad Ray, alleged home ministry officials ill-treated him when he went to North Block for discussing a matter concerning his constituency. 

Lok Sabha Speaker Meira Kumar took note of the sentiments expressed by a large number of MPs, who demanded an apology from the North Block officials. 

She said insult to a member of the House was a serious matter. "I am pained as it is my responsibility to protect the honour and dignity of every member," she said.

The veteran leader's theatrical presentation did have its effect on the Opposition benches. They rushed to the Well, demanding Chidambaram's resignation and a clarification from Mukherjee. 
The temperamental and avuncular Mukherjee lost his cool. 

'This is Zero Hour. If you, everyday, create a practice, I am not going to speak. If you force me, I am not going to speak. Please see the rule,' Mukherjee thundered. 

Most of his fulminations were expunged from the record. He was shaking so much in rage that his pen fell from his shirt pocket. UPA chairperson Sonia Gandhi, who was sitting next to him, picked it up and tried to calm him down. 

Speaker Meira Kumar read the situation and adjourned the House till 2 pm. Chidambaram, on the other hand, had to invoke Jesus Christ after he was constantly shouted down by the Opposition. 
'Father forgive them for they know not what they do. I pray the god forgive their sins,' he said, recalling a lesson a missionary teacher had taught him in his schooldays. 

He trashed the BJP's allegations, saying: 'I categorically state that neither I nor any member of my family has acquired or hold shares in any telecom company.'

But nobody was willing to listen to him. Amid the din, the House was adjourned again till 4 pm and when it reassembled after the break, Mukherjee apologised for his ill-tempered behaviour and the BJP benches welcomed the statement with the thumping of desks.

He said: 'I tried to intervene, but the unfortunate incident took place. I lost my temper. It was not appropriate for me.' 

But the situation didn't change for Chidambaram. He was forced to issue a statement outside Parliament, in which he regretted that 'an honourable MP' made allegations that 'are wild and reckless'. 
The Opposition said it was in no mood to let Chidambaram off the hook. BJP spokesman Shahnawaz Hussain said his party would again demand on Friday a clarification from Mukherjee on the government's stand on the issue. 
The BJP will raise the issue again in both Houses of Parliament.


Read more: http://www.dailymail.co.uk/indiahome/indianews/article-2142606/Faceoff-phoney-deal.html#ixzz1ufrwgoY8

Chidu-Karti-Maxis link: the dotted line is very faint
by FP Editors May 11, 2012

An apoplectic P Chidambaram told the Lok Sabha on Thursday: “I categorically state that neither me nor any member of my family have acquired or hold any stake in any telecom company. In particular, I categorically state that neither I nor any member of my family have acquired or hold any share in either Aircel or Maxis.”

This spirited denial came in regard to the irrepressible Subramanian Swamy’s allegation that his son Karti Chidambaram owned a 5 percent stake in Aircel Televentures, the company which C Sivasankaran sold to Malaysia’s Maxis Group headed by T Ananda Krishnan. The Central Bureau of Investigation (CBI) has, in its FIR, accused former Communications Minister Dayanidhi Maran of forcing Sivasankaran to sell Aircel to Maxis around end-2005 by blocking Siva’s licence applications in various circles. These licences were cleared after Maxis entered the picture.

Chidambaram, as then finance minister, was one of the key players in clearing the Maxis investment in Aircel. PTI
Chidambaram, as then finance minister, was one of the key players in clearing the Maxis investment in Aircel since the Foreign Investment Promotion Board is headed by a finance ministry official.

Swamy’s allegation is that Chidambaram delayed clearing the Maxis-Aircel deal in 2006 when he was finance minister in order to benefit his son Karti – which allegedly came through a 5 percent stake in Aircel.

No proof has been offered by Swamy so far, but an Economic Times investigation comes up with intriguing facts that hint at some linkages between Karti’s companies and Aircel, but there is no obvious smoking gun. (Read the full ET report here)
The linkages revealed by the ET report are the following:

One, that Aircel owed Advantage Strategic Consulting (ASC) Rs 26 lakh as per the 2006-07 balance-sheet, but at that stage Karti had no equity stake in ASC. ASC also showed amounts due (under the head “loans and advances”) from Chess Management Services, Chess Healthcare Solutions and Halidon Marketing Pvt Ltd – which were owned or linked to Karti. So both Karti and Aircel appeared to have used ASC’s services at some point. The link between Karti and Aircel, if any, is through ASC as a common consulting partner.

ASC says the Rs 26 lakh shown under “loans and advances” was money earned from Aircel for consultancy services rendered. The company also said it never owned any stake in Aircel.

The significant coincidence is that the ASC-Aircel consultancy link relates roughly to the period when Aircel was being sold to Maxis.

Two, Karti indirectly came to own, and then abruptly exited, ASC recently. Through a company called Ausbridge Holdings, which was 95 percent owned by Karti, 200,000 shares of ASC – accounting for an effective stake of 66 percent – were bought in March 2011. Karti seemed to have owned Ausbridge till at least September 2011, but as on March 2012, he quit as Ausbridge director. ASC now says Karti does not own any equity in Ausbridge.

The question: why did Karti’s company Ausbridge suddenly buy ASC shares in 2011 only to later see the boss himself quit Ausbridge?

Three, according to The Economic Times, the second Karti link to Aircel/Maxis comes through a company called Kriya FMCG Distributors, a company founded by Karti’s wife Srinidhi, who was one of the first two directors. On 1 September 2008, Srinidhi and her daughter transferred their majority stake to CBN Reddy, and 15 days later, Reddy and Kriya bought 50 percent in ASC.

Kriya FMCG apparently had a few business transactions with Sindya Aqua Minerale Pvt Ltd, which is owned by Apollo Hospitals Chairman Pratap Reddy’s daughter Suneeta Reddy and her husband Dwarakanath.

Suneeta and Dwarakanath, through Sindya Securites and Investments Pvt Ltd and Deccan Digital Networks, are the junior partners in Aircel with a 26 percent stake – with Maxis owning the rest.

This, clearly, is another tenuous link between a Karti company and Aircel – but does it mean anything?

The intriguing point is that Karti’s wife and daughter seem to have been transferring shares of Kriya FMCG (around 22,500 of the 25,000 owned by them) to CBN Reddy and back between 2006 and 2008. Why was this done?

The interesting thing about the Sindya holding in Aircel is that it is all about optics. Indian law dictates that an Indian company should have at least 26 percent in a telecom company. But in terms of investment, Maxis accounts for nearly 99 percent of the effective ownership of Aircel. Put another way, Sindya is just a legal figleaf through which Maxis has routed money into Aircel ownership. The legal ownership is with the Reddys, but the effective ownership is that of Maxis.

But coming back to the Chidambaram-Karti-Maxis connection, where does the ET investigation leave us?

Here’s the sum-up: A company (ASC) associated in 2011 with Karti (but not in 2006, when the Maxis deal was cleared by P Chidambaram) had a consulting deal with Aircel Televenture (which had been sold to Maxis) worth Rs 26 lakh. Another company (Kriya) owned by Chidambaram’s daughter-in-law (Srinidhi, Karti’s wife) had a business relationship with a company owned by the junior partners in Aircel.

From a plain reading, it does not look like there is any direct link between Chidambaram and Maxis.

However, this is not to rubbish the Subramanian Swamy allegation altogether. What we have is sketchy evidence derived from skimpy balance-sheets filed with the registrar of companies that may not capture all the transactions that may have happened between ASC and Aircel. Only a detailed forensic scrutiny of the books of both Aircel and ASC will reveal what transpired between 2005 and 2012.

Moreover, the series of back-and-forth share transactions involving Kriya FMCG and CBN Reddy and Karti’s entry and exit from Ausbridge, which held two-thirds of ASC shares, need some explanation. The whys of Karti Chidambaram’s transactions are far from clear.

It is also worth noting that the CBI charge-sheet talks of Maran pressuring Sivasankaran to sell Aircel to Maxis in return for an investment in a family company, Sun Direct. But doubts have been cast on this allegation by one of the main litigants in the case against Dayanidhi Maran - Anil Kumar of Telecom Watchdog (Read here).

Bottomline: the line connecting Karti Chidambaram to Maxis is a tenuous one for now.

http://www.firstpost.com/business/chidu-karti-maxis-link-the-dotted-line-is-very-faint-306459.html


Will take Aircel-Maxis deal issue to logical end: BJP
HT Correspondent, Hindustan Times
New Delhi, May 11, 2012

Will take Aircel-Maxis deal issue to logical end: BJP

BJP leader and former finance minister Yashwant Sinha on Friday upped the ante on the issue of home minister P Chidambaram's son Karti's alleged business interests in telecom company Aircel, saying: "We will take the issue to its logical end."
Karti Chidambaram is in the eye of a political storm amid allegations that a company he owns loaned Rs. 26 lakh to Aircel Televentures in possible return of a minority stake, whose value rose manifold because of a delayed clearance by the government.

In a letter to Prime Minister Manmohan Singh, Janata Party leader Subramanian Swamy has alleged that there was a financial transaction of Rs. 26 lakh between Karti Chidambaram-controlled Advantage Strategic Consulting Private Limited to acquire shares in C Sivasankaran's Aircel Televentures "to share booty of around Rs. 4,000 crore from Malaysian company Maxis."

"There is a corresponding share increase tallying with Rs. 26 lakh can be seen in Aircel after the financial transaction with the Karti-controlled company," Swamy alleged in his letter.

"Moreover, further analysis of financial statements of concerned companies gives the impression that soon after the Aircel-Maxis deal, huge amount of more than Rs. 1,300 crore has gone out of Aircel Televentures in the form of loans, without mentioning any mandatory specifics," Swamy has alleged.

Swamy has essentially alleged P Chidambaram, as the then finance minister, had delayed approving the Maxis's takeover of Aircel in 2006 only to benefit his son Karti, who would have made substantial gains by way of his holding of a 5% stake in Aircel.

Swamy has offered no proof to establish the precise link between Karti's interest in Aircel through a raft of companies such as Chess Management Services, Chess Healthcare Solutions and Halidon Marketing Pvt Ltd — which were owned or linked to the home minister's son.

On Thursday, the home minister dismissed Swamy's allegations as wild and baseless.

"These are wild, reckless allegations and forum of Parliament is being misused to level allegations against private citizens. Neither I nor any member of my family holds any share in Aircel or Maxis," the home minister had said in Lok Sabha, quoting his son.
12_05_pg10a.jpg



http://www.hindustantimes.com/StoryPage/Print/854433.aspx


__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

 2G scam: PC fraud in Aircel-Maxis deal. FM should answer 6 questions -- Dr. Subramanian Swamy

 
May 12, 2012. 

Statement of Dr. Subramanian Swamy, President of the Janata Party.

I demand that the Finance Minister Mr. Pranab Mukherjee must answer six questions in Parliament on Monday,

(1) how the Ministry of Finance issued a Press Release to say that the Aircel Maxis equity purchase clearance in the Foreign Investment Board meeting presided over by the then Finance Minister Mr. P. Chidambaram was given on March 7, 2006 when the PIB website even today does not disclose this clearance amongst the clearances of other deals made on that day.

(2) The meaning of the “clearance” given by the FIPB that at the October 3rd ,2006 meeting to the Aircel- Maxis deal, as announced in PIB website of October 17, 2006.

(3) The Finance Minister should disclose how is it that when the Malayasia Stock Exchange was informed by the Maxis that their controlling interest in Aircel was actually 99.3%, far above the FBI rule that it could not exceed 74%. 

(4) Mr. Mukherjee must make clear whether a fraud was committed by including a dummy joint venture called Deccan Digital Network to beat the FDI rule.

(5) Mr. Mukherjee should also make clear to Parliament the conclusions of the investigations carried out by the FIPB since he became Finance Minister, and also agree to lay the said report on the Table of the Parliament. He should also disclose whether the DoT also conducted an enquiry into this share purchase fraud through a dummy JV and whether the said enquiry by the DoT has been completed.

(6) Mr. Mukherjee must also clarify whether the CBI has gone into this question since it is a criminal offence under Section 13(1)(d)(iii) of the Prevention of Corruption Act.

( SUBRAMANIAN SWAMY )


__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

DR. SUBRAMANIAN SWAMY’S EXPLOSIVE ARTICLE ON THE AIRCEL-MAXIS SCAM

 

On 12th May 2012, Dr. Subramanian Swamy wrote a very explosive article in the Organizer journal, exposing the full-blooded involvement and participation of Union Minister P. Chidambaram in the Aircel-Maxis scam. For the benefit of my readers I am presenting below the full text of the article:

1.bmp

 

STENCH OF THE AIRCEL-MAXIS SLEAZE

Dr Subramanian Swamy, President of the Janata Party
Aircel is a telecom company providing mobile phone wireless services using 2G and 3G spectrum. Before 2006 it was wholly owned by a Tamil Nadu based capitalist called Sivasankaran, but by January 2006 it came to be owned by a Malaysia born citizen called T Anantha Krishnan, popularly called TAK. He is the son of a Sri Lankan Tamil immigrant, who arrived as indentured plantation worker.  
T Anantha Krishnan's second wife is Latchoumie (Lakshmi?) Marie Helene (LMH) born to a white French father who belongs the Le Chateau Briand family, and Tamil mother. She is popularly known as Mme ‘TAK’.
TAK made his fortune first in gambling casinos and laundering LTTE drug and extortion loot garnered by the terrorist organisation treasurer K Padmanabhan (now Sri Lanka custody), and then branched into construction etc., to become a powerfully influential person in Malaysia, and had helped Quatrrocchi grease the system in that country and escape the law because of the CBI’s deliberately chosen counsel.
Mme TAK, according to my usually reliable sources in Paris, is the owner of a very big art gallery, La Fantaisie, which can be described as the Christie's in France! Carla Bruni, the Italian wife of former French President Sarkozy, is a partner in this venture since two years!
Smt TAK is also owner of a sophisticated Music Recording House in Paris. Carla, who is also a pop singer, uses Smt TAK's studios for registering and issue of her albums!
Sonia, her son Rahul, and her sisters are frequent visitors. Whenever Rahul goes to France, he stays with Smt TAK. He had been there a month and half back.
Smt TAK is also owner of vine yards in northern Colombia with joint ownership with the Colombian rich families Bettancourt and Katalli. Rahul Gandhi’s former live  in friend Veronique is connected to the Kattalli cartel.
Smt Tak is also one of the major shareholders in the French aeronautical company Dassault whose worldwide rejected fighter aircraft Rafaele was bought by India’s Defence Ministry for a hefty 20 per cent bribe. 
But the TAKs are smart. This time in the French election they backed Hollande, who won the Presidency.
It is in this context we have to see the Aircel-Maxis deal since it impinges on India’s national security as did Swan-Etisalat and Unitech-Telenor deals. Telecom towers and equipment can do cyber warfare, snoop on closed door conversations and read email.
The Indian owner of Aircel, Sivasankaran is a financial buccaneer, working always on the edge. In 2005 after getting a spectrum licence, and short of funds, he put it out that he was looking for foreign direct investment. Maxis approached him incognito through the Standard Chartered Bank. It is now alleged in an FIR of the CBI, that at that stage the then Telecom Minister Dayanidhi Maran entered the scene. According to Justice Shivraj Patil Report (available on the DoT website), Maran misused his office to arm twist Sivasankaran to sell all his shares in Aircel to Maxis in January 2006. Whether that was a  drama by Maran and Sivasankaran or real, only the Supreme Court inquiry will reveal. Sivasankaran however became ready to sell.
But there was a problem. FDI Rules require an Indian partner to hold at least 26 per cent of the equity for the deal to be okayed by the Foreign Investment Promotion Board (FIPB). Three months earlier till January 2006, it was at least 51 per cent, i.e., Indian to be majority partner. Maran got that changed to just 26 per cent and the Indian partner to be in minority. But Maxis owner TAK would have none of that. He wanted Aircel to be a wholly owned company of his. That was against the FDI rules. So Maran was in a fix. His brother and owner of Sun TV Kalanidhi was promised Rs 800 crores bounty for his media venture by TAK, and he was salivating furiously.
Enter P Chidambaran, the Dawood Ibrahim of Indian Finance, and Jesus Christ in Lok Sabha. He was then as Finance Minister which meant the ex-officio Chairman of the FIPB. As with Raja in the January 2008 Chidambaram advising him on “share dilution” which landed Raja in Tihar, Chidambaram advised Maran to devise a trick: Form a Joint Venture with a young ambitious entrepreneur, all expenses paid. Thus they found Sunita Reddy, part owner of Apollo Hospital.
Thus Deccan Ventures came into being, but it was joint only in name. By using a financial derivative, Maxis owned all of it. With the money thus put it, Deccan purchased 26 per cent of Aircel. TAK declared proudly to Malaysian Stock Exchange and to his company shareholders’ meeting that he had bought 99.3 per cent of Aircel equity (0.7 per cent still left with sivasankaran) and thus dejure Aircel became a wholly owned company of Maxis.
But TAK filed for permission with FIPB as a 74 per cent owner and got it cleared in March 2006. But there was a catch. Chidambaram did not like it that Maran had de-camped with the bribe loot. So the March 2006 FIPB clearance was not made in the name of Global Communications, a wholly owned company of Maxis, but in the name of some US company. Then Chidambaram sat on the file while TAK sweated with the thought of being so near yet so far.
Enter son Karti, fixer, ambulance chaser, money launderer, small arms dealer etc., and through a maze of cross holdings acquires at least 5 per cent of the Aircel shares before father PC re-convenes the FIPB in October 2006, and delete the name of the US company and put TAK company as the 74 per cent owner of Aircel equity. Karti’s wife Dr Srinidhi starts working as a consulting doctor with Apollo Hospital. All are happy now.
So what is criminal offence? The biggest is the bogus FIPB clearance. P Chidambaram has committed offence of criminal misconduct under Section 13(1)(d)(iii) of the Prevention of Corruption Act which entails a seven year jail term for Maran, Karti, and may be Sivasankaran too under sub-Section (ii) read with IPC 120A&B. The Supreme Court has been apprised by me on May 10 last, and the matter will be heard after the vacations on July 17. If Manmohan Singh does not want to testify in court, he must get rid of Chidambaram from the Cabinet. This is what all Congress leaders except one want.  
In the meantime the Indonesian Police has issued an arrest warrant against Maxis CEO Roy Marshall for fraud, cheating and money laundering in another connected company Astro. Its money trail leads to a favourite English news TV channel. Marshall is also a Sri Lankan Tamil, and has played host to Chidambaram’s wife Nalini when the deal was being brokered.             
The corruption pimple under UPA rule has defiled Bharat Mata but now it seems about to burst. Cure lies in operating vishkanya poison from our body politic.

DIFFERENT BUSINESS INTERESTS OF KARTI CHIDAMBARAM

The allegation was first raised by Janata Party president Subramanian Swamy, who accused P Chidambaram, then Finance Minister, of delaying clearance to the Aircel-Maxis deal in 2006, to benefit his son. Swamy contends that Karti received a 5 per cent stake in Aircel, a charge the latter denies.
Companies owned by Karti or his known associates (this includes companies that are or were at some point owned by Karti or family members):
*    Ausbridge Holdings and Investments Pvt Ltd 
*    Advantage Strategic Consulting Pvt Ltd 
*    Chess Management Services Pvt Ltd 
*    Chess Health Care Pvt Ltd 
*    Halidon Marketing Pvt Ltd 
*    Kriya FMCG Distributors Pvt Ltd 
*    Kaiser Luxury Hotels Pvt Ltd 
*    Kaiser Surya Samudra Resorts Pvt Ltd
Known associates and directors of companies owned by Karti: CBN Reddy, S Sundar, Mohanan Rajesh.
Swamy's allegation
Advantage Strategic Consulting (ASC), a company owned by Karti, paid Rs 26 lakh to Aircel Televentures. He received a 5 per cent stake in return.
ASC's 2006-07 balancesheet, under the head 'loans and advances', a payment of Rs 26 lakh is shown as having been made to Aircel Televenture Ltd. At this point, however, Karti had no equity stake in Advantage Strategic.
It was solely owned by Ravi Viswanathan and Padma Viswanathan. The company had business relations with other companies owned by Karti.
Alongside the payment to Aircel Televentures, payments made to Karti-owned companies such as Chess Management Services, Chess Health Care Solutions and Halidon Marketing Pvt Ltd have also been listed under the same head.
There is no entry to show that ASC held any stake in Aircel Televentures (the company later became Siva Ventures, named after billionaire owner C Sivasankaran) in either company's balance sheet.
Siva Ventures, being a large company, does not list individual transactions on its balance-sheet schedules. Records of Siva Ventures prior to 2006 are unavailable.
In a legal notice served to Subramanian Swamy, lawyers for Advantage Strategic have said that the Rs 26 lakh payment was from Aircel for consultancy services rendered by Advantage. It is unclear whether entries against Chess Management and Halidon are also similarly amounts paid by them to Advantage for consultancy services. 

PLETHORA OF  VICIOUS UNTRUTHS AND BLATANT FALSEHOODS PROMOTED BY UPA GOVERNMENT

1.     Government claimed no delay on part of Chidambaram in approving the Aircel-Maxis deal. It said the March 7, 2006 meeting of FIPB cleared the Maxis investment of around Rs. 4,000 crore in Aircel.
2.      But an October 17, 2006 Press release of FIPB shows Chidambaram cleared the deal only in the October 3, 2006 meeting of FIPB.
3.      The vital information that the Government concealed is that at the March 7, 2006 meeting of the FIPB, clearances were given to another company with similar name – BT Global Communication (Mauritius) Ltd.
4.      The FIPB also did not show the amount of foreign investment and kept the concerned column blank. Normally all FIPB clearances would specify the value of foreign investment.
DR.  SWAMY POSES SIX QUERIES TO PRANABDA. WILL HE ANSWER INSTEAD OF MERELY APOLOGISING FOR LOSING TEMPER?

Janata Party president Subramanian Swamy on Saturday demanded Finance Minister Pranab Mukherjee to answer six of his questions on the controversial FIPB clearance to the Aircel-Maxis deal in Parliament on Monday. In a statement issued here, Swamy sought to know:

1. How the Ministry of Finance issued a press release to say that the Aircel-Maxis equity purchase clearance in the Foreign Investment Board meeting presided over by then Finance Minister P. Chidambaram was given on March 7, 2006 when the PIB website even today does not disclose this clearance amongst the clearances of other deals made on that day?

2. The meaning of the ‘clearance’ given by the FIPB at the October 3, 2006 meeting to the Aircel- Maxis deal, as announced in PIB website of October 17, 2006.

3. Pranab should disclose how is it that when the Malayasia Stock Exchange was informed by Maxis that its controlling interest in Aircel was 99.3%, far above the FBI rule that it could not exceed 74%.

4. Whether a fraud was committed by including a dummy JV called Deccan Digital Network to beat the FDI rule?

5. Pranab should make clear to Parliament the conclusions of the FIPB probes since he became Finance Minister, and also agree to lay the said report in Parliament. He should also disclose whether the DoT conducted an enquiry into this share purchase fraud through a dummy JV and whether the said enquiry by the DoT has been completed.
6. Whether the CBI has gone into this question since it is a criminal offence under Section 13(1)(d)(iii) of the Prevention of Corruption Act?
MY COMMENTS
1.     The Prime Minister should sack the Union Home Minister P. Chidambaram immediately because a prima facie case against his criminality has been clearly established with irrefutable documentary evidence by Dr. Subramanian Swamy.
2.     The CBI is not functioning like the Central Bureau of Investigation. It is functioning as the CONGRESS BUREAU OF INVESTIGATION (CBI), CRIMINAL BUREAU OF INVESTIGATION (CBI), CRIMINAL BUREAU OF INSTIGATION (CBI), CRIMINAL BUREAU OF INSINUATION (CBI), CRIMINAL BUREAU OF INTIMIDATION (CBI), CRIMINAL BUREAU OF ILLEGALITY (CBI), CRIMINAL BUREAU OF IMMORALITY (CBI), etc., etc.
3.     No one can expect such a criminal body like the CBI to initiate tough action against a supremely corrupt Union Home Minister whose continuance in office poses a serious threat to our national security and territorial integrity.
4.     Since we have a President with criminal antecedents, we cannot expect her to initiate any action for the dismissal of P. Chidambaram invoking her powers under the Indian Constitution.
5.     We have a Prime Minister who is a WALKING CORPSE. His Cabinet is filled with first rate criminals who can be sentenced even by any third-class magistrate. They are the hollow and the stuffed men. The best tribute I can pay to the supremely corrupt UPA Government under the nominal control of a titular WALKING CORPSE will be in the words of the English poet T.S. Eliot (1888-1965). This poem is called “THE HOLLOW MEN”:

The Hollow Men

T. S. Eliot

Mistah Kurtz—he dead.
A penny for the Old Guy
      I
We are the hollow men
We are the stuffed men
Leaning together
Headpiece filled with straw. Alas!
Our dried voices, when
We whisper together
Are quiet and meaningless
As wind in dry grass
Or rats’ feet over broken glass
In our dry cellar
 
Shape without form, shade without colour,
Paralysed force, gesture without motion
6.     The Union Cabinet consists of International criminals like Chidambaram specially chosen by Sonia Gandhi, criminals specially selected and blessed by coalition partners like M. Karunanidhi, etc., etc. P. Chidambaram is an inveterate liar. Kapil Sibal is an inveterate liar. Antony is a silent liar. The Prime Minister is a humble liar.
When I was finding myself at a loss to find the appropriate words to describe the criminality and bestiality of our Union Cabinet Ministers, I was thrilled to see a sublime quotation from Walt Whitman (1819-1892), the great poet of American Democracy. The powerful words used by Walt Whitman are absolutely applicable to the UPA Government’s Union Cabinet/Council Of Ministers:

1.bmp
 
WALT WHITMAN (1819-1892)

 
“While the members who composed it were, seven-eighths of them, the meanest kind of bawling and blowing officeholders, office-seekers, pimps, malignants, conspirators, murderers, fancy-men', custom-house clerks, contractors, kept-editors, spaniels well-trained to carry and fetch, jobbers, infidels, disunionists, terrorists, mail catchers, pushers of slavery, creatures of the President , creatures of would-be Presidents, spies, bribers, compromisers, lobbyers, sponges, ruined sports, expelled gamblers, policy-backers, monte-dealers, duellists, carriers of concealed weapons, deaf men, pimpled men, scarred with vile disease, gaudy outside with gold chains made from the people's money and harlots' money twisted together; crawling, serpentine men, the lousy combinings and born freedom-sellers of the earth.”


__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

PC scam: PM should order CBI investigation. PC lies on Karti loan to Aircel, should resign - Dr. Swamy

 

Listen to this article. Powered by Odiogo.com

Subramanian Swamy demands Chidambaram's resignation
New Delhi, Mon, 14 May 2012ANI

New Delhi, May 14 (ANI): Janata Party chief Subramanian Swamy on Monday took Union Home Minister P. Chidambaram to task over the statement made him in Parliament on the Aircel deal, and asked Prime Minister Dr. Manmohan Singh to order a Central Bureau of Investigation (CBI) probe into the matter.

Swamy demanded that Chidambaram should step down from his post.

"Today, we saw with the statement of Mr. Chidambaram that he has admitted to three things. One as a Home Minister, who is supposed to catch thieves, he has ended up arguing that he is not a thief. He has lost moral responsibility to remain as Minister," said Swamy.

"Second, he has admitted that it is possible that the Malaysian company owned 99. 3 percent, but this is to be inquired. This happened when he was giving permission. Why didn't he hold an inquiry then? He had the Enforcement Directorate and all these people. Therefore, we want the papers of the Foreign Investment Promotion Board put on the table," he added.

Swamy further said: "Third thing he admitted that they may have common e-mails. He has to explain that. And finally, he said that his son got consultation fees, but actually the account show that it was a loan given, advance given to the Aircel Company. So, he got caught telling a lie on that."

"So, I demand that Mr. Chidambaram should resign immediately. The Prime Minister should order a CBI probe into this," he added.

Chidambaram had earlier today clarified all the doubts over the issue, saying that neither he nor any members of his family have owned any share in any telecom company.

"I am grateful to the Opposition for raising questions on Aircel-Maxis deal. I would like clarify all the doubts that neither I nor any members of my family have owned 'any share in any telecom company at any time, indirectly or directly'," Chidambaram said.

"We have no connection with any telecom company. Advantage Strategic Consulting Pvt Ltd has categorically stated that it owns no equity in Aircel or Global Communications," he added.

Making an emotional appeal, Chidambaram said: "Don't question my integrity. It would be much simpler if somebody took a dagger and plunged it into my heart than questioning my integrity."

He also denied that there had been any delays in granting permission for the sale of Aircel.

To the BJP's charge over the delay, Chidambaram said the approval for the deal was given in normal course of time.
"The government took 49 days to clear the deal," he clarified.

However, the opposition party said the Home Minister's explanation is unconvincing. The BJP had claimed that the deal was delayed to benefit Chidambaram's son Karti.

Swamy, who had sought an investigation against Chidambaram for his alleged role in the 2G scam, earlier made fresh allegations of corruption against Chidambaram's son Karti.
In a three-page letter dated April 24 to the Prime Minister, Swamy said that Chidambaram should be asked to resign as Home Minister and that the CBI should include him and his son, Karti, in its investigation on the Aircel-Maxis deal. (ANI)

http://www.newstrackindia.com/newsdetails/2012/05/14/207-Subramanian-Swamy-demands-Chidambaram-s-resignation.html


__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

PC scam. Stench of the Aircel-Maxis sleaze - Expose by Dr. Subramanian Swamy

 

Listen to this article. Powered by Odiogo.com

Source: Organiser - Weekly Date: 5/12/2012 10:08:35 PM
40_10_33_17_front_page_175_309.jpg
Swamy Exposes Chidambaram Scam

Stench of the Aircel-Maxis sleaze

Chidambaram's response unconvincing

BJP demands probe, his resignation

Dr Subramanian Swamy

Aircel is a telecom company providing mobile phone wireless services using 2G and 3G spectrum. Before 2006 it was wholly owned by a Tamil Nadu based capitalist called Sivasankaran, but by January 2006 it came to be owned by a Malaysia born citizen called T Anantha Krishnan, popularly called TAK. He is the son of a Sri Lankan Tamil immigrant, who arrived as indentured plantation worker. 

T Anantha Krishnan's second wife is Latchoumie (Lakshmi?) Marie Helene (LMH) born to a white French father who belongs the Le Chateau Briand family, and Tamil mother. She is popularly known as Mme ‘TAK’.

TAK made his fortune first in gambling casinos and laundering LTTE drug and extortion loot garnered by the terrorist organisation treasurer K Padmanabhan (now Sri Lanka custody), and then branched into construction etc., to become a powerfully influential person in Malaysia, and had helped Quatrrocchi grease the system in that country and escape the law because of the CBI’s deliberately chosen counsel.

Mme TAK, according to my usually reliable sources in Paris, is the owner of a very big art gallery, La Fantaisie, which can be described as the Christie's in France! Carla Bruni, the Italian wife of former French President Sarkozy, is a partner in this venture since two years!

Smt TAK is also owner of a sophisticated Music Recording House in Paris. Carla, who is also a pop singer, uses Smt TAK's studios for registering and issue of her albums!

Sonia, her son Rahul, and her sisters are frequent visitors. Whenever Rahul goes to France, he stays with Smt TAK. He had been there a month and half back.

Smt TAK is also owner of vine yards in northern Colombia with joint ownership with the Colombian rich families Bettancourt and Katalli. Rahul Gandhi’s former live in friend Veronique is connected to the Kattalli cartel.

Smt Tak is also one of the major shareholders in the French aeronautical company Dassault whose worldwide rejected fighter aircraft Rafaele was bought by India’s Defence Ministry for a hefty 20 per cent bribe. 

But the TAKs are smart. This time in the French election they backed Hollande, who won the Presidency.

It is in this context we have to see the Aircel-Maxis deal since it impinges on India’s national security as did Swan-Etisalat and Unitech-Telenor deals. Telecom towers and equipment can do cyber warfare, snoop on closed door conversations and read email.

The Indian owner of Aircel, Sivasankaran is a financial buccaneer, working always on the edge. In 2005 after getting a spectrum licence, and short of funds, he put it out that he was looking for foreign direct investment. Maxis approached him incognito through the Standard Chartered Bank. It is now alleged in an FIR of the CBI, that at that stage the then Telecom Minister Dayanidhi Maran entered the scene. According to Justice Shivraj Patil Report (available on the DoT website), Maran misused his office to arm twist Sivasankaran to sell all his shares in Aircel to Maxis in January 2006. Whether that was a drama by Maran and Sivasankaran or real, only the Supreme Court inquiry will reveal. Sivasankaran however became ready to sell.

But there was a problem. FDI Rules require an Indian partner to hold at least 26 per cent of the equity for the deal to be okayed by the Foreign Investment Promotion Board (FIPB). Three months earlier till January 2006, it was at least 51 per cent, i.e., Indian to be majority partner. Maran got that changed to just 26 per cent and the Indian partner to be in minority. But Maxis owner TAK would have none of that. He wanted Aircel to be a wholly owned company of his. That was against the FDI rules. So Maran was in a fix. His brother and owner of Sun TV Kalanidhi was promised Rs 800 crores bounty for his media venture by TAK, and he was salivating furiously.

Enter P Chidambaran, the Dawood Ibrahim of Indian Finance, and Jesus Christ in Lok Sabha. He was then as Finance Minister which meant the ex-officio Chairman of the FIPB. As with Raja in the January 2008 Chidambaram advising him on “share dilution” which landed Raja in Tihar, Chidambaram advised Maran to devise a trick: Form a Joint Venture with a young ambitious entrepreneur, all expenses paid. Thus they found Sunita Reddy, part owner of Apollo Hospital.

Thus Deccan Ventures came into being, but it was joint only in name. By using a financial derivative, Maxis owned all of it. With the money thus put it, Deccan purchased 26 per cent of Aircel. TAK declared proudly to Malaysian Stock Exchange and to his company shareholders’ meeting that he had bought 99.3 per cent of Aircel equity (0.7 per cent still left with sivasankaran) and thus dejure Aircel became a wholly owned company of Maxis.

But TAK filed for permission with FIPB as a 74 per cent owner and got it cleared in March 2006. But there was a catch. Chidambaram did not like it that Maran had de-camped with the bribe loot. So the March 2006 FIPB clearance was not made in the name of Global Communications, a wholly owned company of Maxis, but in the name of some US company. Then Chidambaram sat on the file while TAK sweated with the thought of being so near yet so far.

Enter son Karti, fixer, ambulance chaser, money launderer, small arms dealer etc., and through a maze of cross holdings acquires at least 5 per cent of the Aircel shares before father PC re-convenes the FIPB in October 2006, and delete the name of the US company and put TAK company as the 74 per cent owner of Aircel equity. Karti’s wife Dr Srinidhi starts working as a consulting doctor with Apollo Hospital. All are happy now.

So what is criminal offence? The biggest is the bogus FIPB clearance. P Chidambaram has committed offence of criminal misconduct under Section 13(1)(d)(iii) of the Prevention of Corruption Act which entails a seven year jail term for Maran, Karti, and may be Sivasankaran too under sub-Section (ii) read with IPC 120A&B. The Supreme Court has been apprised by me on May 10 last, and the matter will be heard after the vacations on July 17. If Manmohan Singh does not want to testify in court, he must get rid of Chidambaram from the Cabinet. This is what all Congress leaders except one want. 

In the meantime the Indonesian Police has issued an arrest warrant against Maxis CEO Roy Marshall for fraud, cheating and money laundering in another connected company Astro. Its money trail leads to a favourite English news TV channel. Marshall is also a Sri Lankan Tamil, and has played host to Chidambaram’s wife Nalini when the deal was being brokered. 

The corruption pimple under UPA rule has defiled Bharat Mata but now it seems about to burst. Cure lies in operating vishkanya poison from our body politic.



Different business interests of Karti Chidambaram

The allegation was first raised by Janata Party president Subramanian Swamy, who accused P Chidambaram, then Finance Minister, of delaying clearance to the Aircel-Maxis deal in 2006, to benefit his son. Swamy contends that Karti received a 5 per cent stake in Aircel, a charge the latter denies.

Companies owned by Karti or his known associates (this includes companies that are or were at some point owned by Karti or family members):

* Ausbridge Holdings and Investments Pvt Ltd 
* Advantage Strategic Consulting Pvt Ltd 
* Chess Management Services Pvt Ltd 
* Chess Health Care Pvt Ltd 
* Halidon Marketing Pvt Ltd 
* Kriya FMCG Distributors Pvt Ltd 
* Kaiser Luxury Hotels Pvt Ltd 
* Kaiser Surya Samudra Resorts Pvt Ltd

Known associates and directors of companies owned by Karti: CBN Reddy, S Sundar, Mohanan Rajesh.
Swamy's allegation

Advantage Strategic Consulting (ASC), a company owned by Karti, paid Rs 26 lakh to Aircel Televentures. He received a 5 per cent stake in return.

ASC's 2006-07 balancesheet, under the head 'loans and advances', a payment of Rs 26 lakh is shown as having been made to Aircel Televenture Ltd. At this point, however, Karti had no equity stake in Advantage Strategic.

It was solely owned by Ravi Viswanathan and Padma Viswanathan. The company had business relations with other companies owned by Karti.

Alongside the payment to Aircel Televentures, payments made to Karti-owned companies such as Chess Management Services, Chess Health Care Solutions and Halidon Marketing Pvt Ltd have also been listed under the same head.

There is no entry to show that ASC held any stake in Aircel Televentures (the company later became Siva Ventures, named after billionaire owner C Sivasankaran) in either company's balance sheet.

Siva Ventures, being a large company, does not list individual transactions on its balance-sheet schedules. Records of Siva Ventures prior to 2006 are unavailable.

In a legal notice served to Subramanian Swamy, lawyers for Advantage Strategic have said that the Rs 26 lakh payment was from Aircel for consultancy services rendered by Advantage. It is unclear whether entries against Chess Management and Halidon are also similarly amounts paid by them to Advantage for consultancy services. 

Litany of untruths

o Govt claimed no delay on part of Chidambaram in approving the Aircel-Maxis deal. It said the March 7, 2006 meeting of FIPB cleared the Maxis investment of around Rs. 4,000 crore in Aircel.

o But an October 17, 2006 Press release of FIPB shows Chidambaram cleared the deal only in the October 3, 2006 meeting of FIPB.

o The vital information that the Govt concealed is that at the March 7, 2006 meeting of the FIPB, clearances were given to another company with similar name – BT Global Communication (Mauritius) Ltd.

o The FIPB also did not show the amount of foreign investment and kept the concerned column blank. Normally all FIPB clearances would specify the value of foreign investment.

http://organiser.org/Encyc/2012/5/12/EXPOSE.aspx?NB=&lang=4&m1=&m2=&p1=&p2=&p3=&p4=


__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

Maxis’ stake declaration demolishes PC defence. Read full text of PC lies in Parliament. PM should sack him and order CBI probe.

 

Listen to this article. Powered by Odiogo.com

tode.gif

Maxis’ stake declaration demolishes PC defence

TUESDAY, 15 MAY 2012 00:25 J GOPIKRISHNAN | NEW DELHI 

For days Home Minister P Chidambaram has pleaded innocence in the Aircel-Maxis deal, but new facts show that the acquisition of Aircel by the Maxis in 2006 was illegal.

The deal, which took place when Chidambaram was the Finance Minister, violates Indian laws. While domestic laws place a cap of 74 per cent on foreign investment in telecom sector, in the Aircel-Maxis deal, the latter acquired nearly 100 per cent stake in three tranches.

Equally shocking is the fact that a probe instituted by the Finance Minister and Department of Telecom in early 2007 to look into this violation, has reached nowhere. The Government has so far not initiated any action against Maxis.

On March 15, 2006, Maxis declared to the Malaysian Stock Exchange that it proposed to acquire 99.714 per cent in Aircel. This was before the Foreign Investment Promotion Board (FIPB) — under Chidambaram — cleared the so-called final acquisition on October 3, 2006.

“Aircel Transactions comprising:

(I) Proposed acquisition by Global Communication Services Holdings Ltd (GCSHL), a wholly-owned subsidiary of Maxis, and Deccan Digital Networks Private Limited (JVC), a proposed joint venture company of Maxis in the Republic of India, of 94,864,865 and 85,135,135 equity shares of 10 Indian Rupees each in Aircel Limited (Aircel), a company incorporated in the Republic of India (“Aircel Shares”), representing 39% and 35% respectively, of the enlarged issued and paid-up share capital of Aircel from Aircel Televentures Limited for a cash consideration of $422 million and $378 million respectively.

(II) Proposed joint venture between GCSHL and Sindya Securities & Investments Private Limited in relation to their participation in the JVC.

III) Proposed put and call options over GCSHL’s 63,243,243 Aircel Shares representing 26% of the enlarged issued and paid-up share capital of Aircel for a cash consideration of US$280 million (“collectively Aircel Transactions”),” said the declaration made by Maxis to Malaysian Stock Exchange (Bursa Malaysia) on March 15, 2006.

Maxis filed this declaration to stock exchange through their banker RHB Sakura Merchant Bankers. This declaration shows that Maxis proposed to purchase Aircel shares in three tranches --- first 39 per cent and then 35 per cent and last 26 per cent, at around Rs 4,000 crore. But another document filed by the Maxis to the Malaysian stock exchange says the last tranche was proposed to be of 25.714 per cent share in Aircel.

The declaration also shows that apart from direct purchase, Maxis acquired Aircel shares through Joint Ventures with Deccan Digital Networks Private Ltd and Sindya Securities and Investments. These two Indian companies were controlled by Sunita Reddy, who belongs to Appolo Hospital Group.

The Maxis declaration itself could be a prima facie evidence to cancel the license of Aircel, apart from initiation of cases for cheating the Government. But even after six years of the deal, the Government has not acted on it. Reacting to violation of the Indian law by Maxis, Chidambaram said in the Rajya Sabha on Monday, “Let law take its own course.”

http://dailypioneer.com/home/online-channel/360-todays-newspaper/65410-maxis-stake-declaration-demolishes-pc-defence.html

PC scam. Parliament debates. PC lies (May 14, 2012)Read on the full text of debates...

http://www.docstoc.com/docs/120490214/Lok-Sabha-May-14_-2012---1pm-to-2pm

http://www.docstoc.com/docs/120490216/Rajya-Sabha-May-14_-2012---1200NoonTo1300pm

http://www.docstoc.com/docs/120490217/Rajya-Sabha-May-14_-2012---1400pmTo1500pm

http://www.docstoc.com/docs/120490219/Rajya-Sabha-May-14_-2012--1300pmTo1400pm


__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

National security scam: Chidambaram-Aircel-Maxis hands over almost hundred percent ownership to Malaysian financial buccaneer, TAK

 

Listen to this article. Powered by Odiogo.com

The core national security risk created by the Chidambaram-Aircel-Maxis ghotala has been explained with precision and clarity by Dr. Subramanian Swamy in the context of an international Sarkozy-Carla Bruni-Sonia-TAK-Rahul pow-wow network. "...we have to see the Aircel-Maxis deal since it impinges on India’s national security as did Swan-Etisalat and Unitech-Telenor deals. Telecom towers and equipment can do cyber warfare, snoop on closed door conversations and read email...FDI Rules require an Indian partner to hold at least 26 per cent of the equity for the deal to be okayed by the Foreign Investment Promotion Board (FIPB)...TAK declared proudly to Malaysian Stock Exchange and to his company shareholders’ meeting that he had bought 99.3 per cent of Aircel equity (0.7 per cent still left with sivasankaran) and thus dejure Aircel became a wholly owned company of Maxis...the bogus FIPB clearance. P Chidambaram has committed offence of criminal misconduct under Section 13(1)(d)(iii) of the Prevention of Corruption Act which entails a seven year jail term for Maran, Karti, and may be Sivasankaran too under sub-Section (ii) read with IPC 120A&B. The Supreme Court has been apprised by me on May 10 last, and the matter will be heard after the vacations on July 17. If Manmohan Singh does not want to testify in court, he must get rid of Chidambaram from the Cabinet. This is what all Congress leaders except one want." Read on at: http://organiser.org//Encyc/2012/5/12/EXPOSE.aspx?NB=&lang=4&m1=&m2=&p1=&p2=&p3=&p4=

By fraudulent manipulation of company joint ventures and deals, Aircel-Maxis has been granted 2G licence to a company almost with 100% ownership by a foreigner, LTTE-linked TAK (T Anantha Krishnan) of Malaysia. The lifting of the corporate veil has to be done by Supreme Court and PC should go to Tihar for the illegality.

Kalyanaraman

EXPLAINED: Controversy over Chidambaram, Aircel-Maxis
Last updated on: May 15, 2012 18:46 IST

15ss1.jpg

A powerful, intelligent man with prime ministerial ambitions is in deep trouble.

Union Home Minister P Chidambaram's role in the Aircel-Maxis telecom deal has been sharply questioned by Bharatiya Janata Party leader Arun Jaitley in the Rajya Sabha.

On Monday, May 14, Chidambaram defended himself and his son Karti emotionally. Chidambaram reiterates that neither he nor his family members 'had any equity at any time indirectly or directly or have any investment in any telecom company, including Aircel or Maxis.'

A normally unemotional Chidambaram went to the extent to say 'It would be much simpler if somebody took a dagger and plunged it into my heart rather than questioning my integrity.'

Jaitley, a lawyer, responded to his 20-year-old-lawyer colleague that 'Our concern is not to plunge a dagger in somebody's heart, the purity and fairness of government should be maintained.'

Is Chidambaram in serious trouble? What is the alleged Aircel-Maxis scam? What is Chidambaram and his son's alleged role in it?

We shed some light on the controversial issue.

What is the Aircel-Maxis deal?

Maxis is a Malaysian company owned by business tycoon T Ananda Krishnan, popularly known as TAK. He is a Malaysian citizen of Sri Lankan Tamil origin.

Aircel was first promoted by NRI tycoon C Sivasankaran (Siva), a native of Tamil Nadu.

In 2006, Maxis took over Aircel by acquiring 74 per cent shares. The rest (26 percent) is now owned by Indian companies related to the Apollo Hospital group. These shares are managed by Sunita Reddy, one of Apollo group founder Dr C Pratap Reddy's daughters.

This deal became controversial after the 2G spectrum scam when the Supreme Court asked the Central Bureau of Investigation to probe then telecom minister A Raja's predecessors.
15ss2.jpg
Former Union Minister Dayanidhi Maran and his brother Sun TV MD Kalanithi Maran

In April 2011, Siva complained to the CBI that he was arm-twisted by the previous telecom minister, Dayanidhi Maran, to sell his Aircel stake to Maxis.

Maran resigned from the Union Cabinet in mid-2011 after the CBI reported 'some element of coercion' on the Aircel-Maxis deal.

The CBI has now registered an First Information Report naming Maran and his elder brother Kalanidhi Maran, who controls the Sun TV network, Maxis owner Ananda Krishnan and CEO Ralph Marshal, who is also of Sri Lankan Tamil origin, having Canadian citizenship.

The CBI FIR accuses the Maran brothers of quid pro quo for facilitating the deal for Maxis.

According to the FIR, the media company Astro, belong to the Maxis Group, had invested around Rs 600 crore (Rs 6 billion) in a Sun network venture in 2007.

The heat is now on Chidambaram after Janata Party President Dr Subramanian Swamy revealed financial transactions between companies 'controlled' by the home minister's son Karti and Siva.
15ss3.jpg
Janata Party President Dr Subramanian Swamy

What is P Chidambaram's alleged role?

At a press conference in New Delhi on April 26, Dr Swamy released a set of documents related to Karti Chidambaram 'controlled companies.' Karti owned more than 94 per cent shares in a company called Ausbridge Holdings and Investments Private Limited.

Karti resigned from the company a few days after Dr Swamy revealed the 12 companies where he was a director. The sudden resignation from Ausbridge tempted Dr Swamy to dig further.

Ausbrdige owns 67 percent shares in another company -- Advantage Strategic Consulting Private Limited. According to its old balance sheet, before March 31, 2006, it had given Rs 26 lakh (Rs 2.6 million) as loans and advances to Siva's Aircel Televenture Ltd.

Those days this company held two mobile phone service providing companies -- Aircel Ltd and Aircel Cellular Ltd.

This transaction took place during the period when the Foreign Investment Promotion Board, which reported to Chidambaram, then India's finance minister, was processing the Aircel-Maxis deal.

Dr Swamy alleges this was a payment by 'Karti-controlled Advantage to acquire five percent shares in Siva's Aircel Televenture, which received around Rs 4,000 crore (Rs 40 billion) from Maxis.'

He further alleged then finance minister Chidambaram delayed the clearance till his son received shares in Siva's company, which pocketed the Malaysian investment.

15ss4.jpg
Reacting to Dr Swamy's allegations, two days later, the finance ministry said there was no delay on Chidamabaram's part to clear the deal.

The government said the FIPB meeting chaired by Chidambaram cleared the Maxis investment of 74 percent shares in Aircel on March 7, 2006.

The approval was for enhancing 26 percent shares to 74 percent in Aircel. The government said Maxis, through its Mauritius-based subsidiary Global Communication Services Holding Ltd, acquired Aircel.

But the FIPB records say otherwise. According to it, item No: 7 of the FIPB meeting approved one Century Telephone from US and Rediongton Pte Ltd from Singapore to acquire 74 percent in Aircel and approval was for enhancing 49 percent shares to 74 percent.

The value of foreign investment was shown as just Rs 180 lakh (Rs 18 million).

Another FIPB meeting on October 3, 2006 says (as item No: 15 and 16) the government approved GCSHL to acquire 74 percent in Aircel and its associate company Dishnet.

Interestingly, there was no mention about the value of the foreign investment. Now the government says there were two approvals and the second approval (October 3, 2006) was an approval for downstream investment.

Another controversy is that Maxis declared to the Malaysian Stock Exchange that it had acquired 99.7 percent shares in Aircel. This is a clear violation of Indian law.

According to Indian law, the maximum permissible level of foreign investment in the telecom sector is 74 percent.

There is another controversy over the huge variation of price in shares allotted to the Apollo Hospitals group, comparing the price of shares allotted to Maxis.

On these two issues, Chidambaram told the Rajya Sabha: 'The law will take its course.' He denied all allegations against him and his son.

15ss5.jpg
Karti, second from right, and P Chidambaram, right. with Congress President Sonia Gandhi, left

How much money travelled to and from Karti Chidambaram's bank accounts?

Advantage (controlled by Karti's Ausbridge) paid Rs 26 lakh (Rs 2.6 million) to Siva's Aircel Televenture before March 31, 2006. No specified date of transaction is available.

P Chidambaram said during 2006, Advantage was not controlled by Karti's Ausbridge. But BJP MP Arun Jaitley countered this argument by producing documents showing that the same e-mail IDs were used by both companies.

Chidambaram's argument in the Rajya Sabha was that this payment was related to 'some consultancy services.' Opposition MPs countered that the payment is shown as loans and advances by Karti's company to Siva's company.

The MPs claimed Karti had paid money to subscribe to shares in Siva's company, terming the FIPB clearances as a dubious one.

Dr Swamy alleged that there was a corresponding share increase in Siva's balance-sheets, after it received money from Karti-controlled Advantage.

What is the link between Dayanidhi Maran and Karti Chidambaram?

Maran was telecom minister and Karti's father was finance minister when this controversial deal took place.
15ss6.jpg
P Chidambaram addresses a press conference

What are the grey areas in Dr Swamy's allegations?

Dr Swamy produced documents accessed from the Registrar of Companies which shows Karti-controlled company Advantage's payment of Rs 26 lakh (Rs 2.6 million) as loans and advances to Siva's Aircel Televentures.

Dr Swamy has not produced documents to prove that Advantage received shares from Siva's company.

This financial transaction occurred when the file on the Aircel-Maxis deal were pending with the FIPB, reporting to Chidambaram, then India's finance minister.

This can be prima facie evidence, considering the violations, illegalities in the FIPB clearance.

It is not the job of Dr Swamy or the Opposition parties to prove or provide all set of documents. The exact financial transactions and motives can only be proved through a CBI or Enforcement Directorate probe.

The FIR has been already registered, so it is not difficult for the government to investigate Dr Swamy's allegations against Chidambaram.

The government has not yet issued a satisfactory response on the FIPB approval controversy.

How the CBI or ED can probe a matter alleged to have the home minister's alleged involvement is a different question.

What will happen next?

The Opposition is not satisfied with the government's replies on this regard.

On July 17, the Supreme Court will hear the case filed by Dr Swamy. His main demand is that the CBI should probe Chidambaram's role in the approval of the Aircel-Maxis deal. He alleged that the CBI probe is only limited to the Marans in the Aircel-Maxis scam and that is not enough for a fair trial.

This FAQ was created with inputs from investigative reporter J Gopikrishnan


http://www.rediff.com/news/slide-show/slide-show-1-explained-controversy-over-chidambaram-aircel-maxis/20120515.htm

Aircel-Maxis, Devas-Antrix cases should go to JPC: CPI(M)
Press Trust of India / New Delhi May 15, 2012, 17:25

The CPI(M) today said the Aircel-Maxis and the Devas-Antrix telecom cases should be referred to the Joint Parliamentary Committee probing the telecom scam.

"The government should find out whether any company bought shares more than the law permits.... The government should reply, the matter should go to the JPC," party leader Sitaram Yechury told reporters in response to question on the Aircel-Maxis scam, in which the Opposition has alleged that P Chidambaram and his family members were involved, a charged denied by the Home Minister.

"The Minister has to reply to the charge. It is not just a matter of personal condonation or condemnation," he said.

Chidambaram has denied any illegality by any member of his family or himself and said the company in question could be probed by Finance Ministry.
To questions on the CAG report on the Devas-Antrix scandal, Yechury said the report too should be "subjected to inquiry of the JPC".

Asked about the cartoon controversy that has figured in both Houses of Parliament, he said the issue was not against cartoons. "We need humour and public figures will become the subject of cartoons. If a politician ceases to be that, then he ceases to be in politics."

He and his party colleague Basudeb Acharia said the real issue was whether the cartoons, appearing in school text books, had any relevance to make them understand political science, whether the context was properly understood by them or some other message was conveyed to the young minds.
http://www.business-standard.com/generalnews/news/aircel-maxis-devas-antrix-cases-should-go-to-jpc-cpim/8629/


__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

PCs Sivaganga poll: Closely fought and strongly contested 

After Six Wins,He Faced A Stiff Fight From Kannappan 

TIMES NEWS NETWORK 

Chennai: Three years after he squeaked past the finish line in the Sivaganga Lok Sabha constituency,Union home minister P Chidambaram now faces a legal battle to prove his victory against a man who had emerged from political oblivion and joined AIADMK on the eve of the 2009 elections.
It ought to have been a one-sided contest given that the Karaikudi chettiar had won six times from Sivaganga and was banking on achievements in UPA-I,as finance minister and later as home minister,apart from his efforts as an MP from the region.But antiincumbency,Rajakannappans appeal as a local leader,and a sustained campaign by pro-Eelam outfits are believed to have eroded his vote base.
Reasons are aplenty for Chidambarams waferthin victory margin,prime among them being Kannappans influence among his Yadava community,which has a presence in the constituency.
Kannappans tenure as PWD minister in the AIADMK regime in 1991-96 may have also been a factor.Hailed by locals as namma allu (our man),Kannappan is said to have nurtured the constituency during his ministerial stint.
Chidambaram flaunted his achievements as finance minister,showcased the 55 bank branches he inaugurated in the constituency,the water tanks he helped desilt and NREGS (National Rural Employment Guarantee Scheme),which was the UPA governments flagship scheme then.Kannappan depended on the personal goodwill he enjoyed among the Yadavas and with his leader J Jayalalithaa.
However,with the battle between the LTTE and the Sri Lankan armed forces peaking in the neighbouring nation at the same time,Chidambaram was seen as representing a government that backed Mahinda Rajapaksas brutal methods to quell separatism.A pro-Eelam outfit named Muthukumar Makkal Ezhuchi Iyakkam (MMEI),which sprang up overnight,created ripples fielding a candidate named Rajiv Gandhi in the same constituency.Rajiv Gandhi polled 3,354 votes,which equalled Chidambarams victory margin.While the impact of the Tamil groups on Chidambarams electoral prospects was not easily discernible,observers felt the aggressive pro-Eelam campaign could have affected Chidambarams support base.
Counting of votes on May 16,2009 was marked by high drama as the pendulum swung between Chidambaram and Kannappan,causing confusion and agitation among Chidambarams supporters.This prompted the then returning officer and district collector to instruct poll staff to stop disclosing the results after every round.Later,Chidambaram,who had come to the counting centre in the morning,and again in the evening,was seen walking out around 5pm,leaving it to his authorised agent to sign the winners certificate.He had won by 3,354 votes.

Pc0071100.jpg 

 


__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

Court issues notice to firms linked to PCs son 

Swamy Accused Them Of Obstructing Justice 

TIMES NEWS NETWORK 

New Delhi:The Supreme Court on Thursday issued notices to Advantage Strategic Consulting Singapore Pte Ltd and its Chennai-based sister concern on a petition by Janata Party president Subramanian Swamy accusing them of committing contempt by obstructing administration of justice.
Swamy alleged that Advantage Strategic Consulting Singapore Pte Ltd,in which majority stake was held by Karti Chidambaram,had filed the suit against him in the High Court of Singapore a day after he had moved an interlocutory application before the Supreme Court of India in the Aircel-Maxis case.
After Swamy made the Chennai-based sister concern and its director C B N Reddy party in his petition seeking initiation of contempt proceedings,a bench of Justices G S Singhvi and K S Radhakrishnan issued notices to the two firms allowing them 12 weeks to respond to the petitioners charges.The petitioner had alleged that the Singapore-based company attempted to obstruct administration of justice by filing a defamation suit against him in Singapore to harass and dissuade him from pursuing the 2G scam cases.Swamy said the Singapore firm was relying on 'internet publication',which was not circulated by him,as the material for initiation of defamation proceedings.He said the alleged contemnors' attempt was to seriously impede his right and duty to pursue corruption and work towards a corruption free India by filing PILs and arguing as petitioner in person.
The filing of the defamation case in Singapore was aimed to "physically and financially devastate" him and bring a chilling effect on his resolve to litigate against corruption,Swamy had said in his petition.


Pc0101400.jpg



__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

PC Men 18_11_2012_003_024



__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

Nalini Chidambaram 20121118a_005101009



__________________


Guru

Status: Offline
Posts: 24769
Date:
Permalink  
 

Nalini Chidambara, 18_11_2012_003_034



__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us


Create your own FREE Forum
Report Abuse
Powered by ActiveBoard