Omantribune
Oman Tribune
Omantribune
Omantribune Search News
Web Oman
    Google Search Button
      Tribune
- Oman
- Soccer World Cup
- Other Top Stories
- Middle East
- Business
- Sports
- India
- Pakistan
- Asia
- Europe
- Americas
- Columnists
- Editorial
- Oman Mirror
- Special Features
- Cinema
- PDF Pages
- Weather
- Travel
- Currency Rate
- Hospitals
- Pharmacies
- Services
- Flight Timings
- Museum Timings
Omantribune Home Omantribune About Us Omantribune Advertising Information Omantribune Archives Omantribune Subscribe-Form Omantribune Jobs Omantribune Contact Us
Wednesday, August 27, 2014  

Allegations on Aircel-Maxis deal ‘seems correct’
NEW DELHI Virtually approving the Central Bureau of Investigation’s (CBI) line of probe into suspected wrongdoing in the Aircel-Maxis telecom deal, the Supreme Court on Wednesday said the allegations levelled by the investigators appeared to be correct.

The CBI told the court that “an economically and politically powerful person in Malaysia is delaying the investigation”.

“The allegations (of quid pro quo) you have levelled (in the Aircel-Maxis) deal, prima facie it appears it is correct,” the court observed as the CBI told the court that it had completed the probe within the country.

Only the foreign angle, particularly in respect of Malaysia and Mauritius, was pending, senior counsel KK Venugopal, appearing for the CBI, told the court bench of Justice GS Singhvi and Justice KS Radhakrishnan.

The CBI is investigating whether C Sivasankaran, the original owner of Aircel, was forced by former telecom minister Dayanidhi Maran to sell off his entire stake in the company to Malaysia-based Maxis owned by T Ananda Krishnan and the allegations of quid pro quo.

Venugopal took the court through the CBI’s report on its investigation into the alleged role of Maran in the Aircel-Maxis deal.

The CBI report was filed before the court in a sealed cover.

The court noted that Sivasankaran filed six applications seeking spectrum but these were not entertained by the department of telecommunications, then under Maran, but things started moving soon after he off-loaded his entire stake in Aircel to Maxis.

After Sivasankaran sold his stake to Maxis, a Mauritius-based company made a big investment in Maran family-owned Sun Direct channel.

Justice Radhakrishnan asked whether that investigating agency felt that any of the people named in the first information report were delaying the investigations.

Venugopal said: “An economically and politically powerful person in Malaysia is delaying the investigation so far as foreign angle was concerned.”

As the court wondered if there was a nexus between investment in Sun Direct and quid pro quo, Venugopal said that nexus has to be established.

“Unless we are able to show that Malaysian company was a holding company of the one in Mauritius through which funds came for Sun Direct, we can’t establish the link,” he said.

Meanwhile, the court stayed all the proceedings against Enforcement Directorate officer Rajeshwar Singh before the Allahabad High Court which is hearing a public interest litigation levelling allegations of wrongdoing against him.

Rajeshwar Singh is investigating into the violation of Foreign Exchange Management Act by various entities allegedly involved in the 2G case.

Additional Solicitor General Harin Raval told the court about the obstacle being created in the way of Rajeshwar Singh by way of frivolous complaints.

The court issued notice to the Uttar Pradesh government seeking a response within 10 days.

The court also asked the state government not to act on complaints being made against Rajeshwar Singh and his family members.

Agencies
NEWS UPDATES
Oman
Six trucks of medical aid sent to Gaza through OCO
Expatriates number sees marginal rise
Donation portal raises 290,000 rials so far
Mejali discusses ties with India defence delegation
Sohar makes presence felt at Salalah fest
Bank Muscat launches academy for accredited SME training
Badr Al Samaa inks MoU with US varsity
Salalah Fish Week sees huge turnout
Meeting discusses role of arbitration in oil disputes
Other Top Stories
Perfect storm for Ebola to spread, says virus pioneer
US will not coordinate with Syria on IS fight
Iraqi jets hit militants in Amerli to rescue trapped residents
Militants seize villages, towns on Nigeria border
3 die as UN helicopter crashes in S. Sudan
India
Guns fall silent on border in J&K after a fortnight
20 new advanced cancer treatment centres to be set up, says Vardhan
Sheila quits; BJP leaders named governors in four states
Kerala government asks bars to down shutters by Sept. 12
Death confirmed for 3 in Haryana gang rape, murder
Complaints to cyber cell rise
Vajpayee, Advani and Joshi dropped from BJP panel
MLA accused of Muzaffarnagar riots gets ‘Z’ security, opposition cries foul
Court mulls vacating stay order in Gujarat riots case
Court seeks government reply in Swamy’s plea on Jet-Etihad deal
New talents drive out ageing Malayalam top stars
New deals denied to Finmeccanica
Pakistan
PM, army chief agree on need to end protest crisis
Imran shifts focus from bashing politicians to poll rigging issue
Islamabad, Delhi discuss ways to defuse LoC tension
Threat of dengue outbreak looms large over Karachi
Baroghil festival ends with fanfare
Narratives make learning enjoyable for kids
Middle East
US asked Qatar ‘not to pay ransom’ for hostage release
Turkey struggles to plug flow of rebels into Syria
Libya Dawn Islamists reject Ansar Al Sharia call to merge
Iranians battle conservative norms of marriage
Asia
Abdullah ignores UN plea, threatens to quit vote audit
Australia announces measures to prevent radicalisation of youth
Australia announces measures to prevent radicalisation of youth
Bangladesh braces for more flood misery, thousands flee
Asylum seekers sue Australia over poor health care
Broadcast journalist attacked in Luzon
Australia tycoon apologises for China slur
Business
MB Holding, Al Madina to buy stake in Watania
Burger King to buy Canada’s Tim Hortons
Topaz earnings grow 12% in H1
Oil prices appropriate, decline short-lived, says Iran minister
Swiss bank reveals books for first time
StanChart looks to sell part of UAE business
Murakami named Al Batinah CFO
Car makers face $420m fine in India for anti-competitive steps
Citi, HSBC and UBS to advise ONGC on 5% stake sale
Court’s coal block verdict likely to cost India dear
Jaitley sees bill to allow 49% FDI in insurance getting nod by year end
Kuwait Energy keen to invest in Iraq
Karbonn Mobiles looks to go public by 2016
BOJ maintains bullish outlook, trims forecast
Amazon to buy Twitch for $970m
Russia set to pump $6.6b into two major state banks
Qualcomm to face EU antitrust probe
HP’s Autonomy deal under cloud
UTV Media gets Q1 revenue fillip
Microsoft in a fix over ‘hiding sales data’ in China
Europe
Talks, not force can solve crisis in Ukraine: Putin
Johnson seeks return to House of Commons, submits candidacy
Arrests linked to Syria conflict soar in UK: Top anti-terror cop
IMF chief quizzed in France over $527m graft case
Sky is limit for extreme sport fans
Sports
The Wave Muscat triumph in UK waters
Hashim and Musab – hunting in pairs
West Indies wrap up series clean sweep
Hand injury rules Vijender out of Games
Kashyap makes early exit in Copenhagen
Proteas spinners look to tackle hard-hitting Australia
Jovetic double leaves Liverpool red-faced
Algeria close stadium, ban Kabylie from hosting games
Benzema, Ronaldo get Real winning start; Atletico held
Indian soccer team faces funding woes for Asian Games
Perera shines, Lanka level series
Americas
St Louis police mull using body cameras
US destroys test missile that can hit targets anywhere on earth in 1 hour
Texas court scraps order to seize Kurdish crude oil
China’s risky military behaviour in focus at talks with US
Row over device diverts US flight
Mexico to monitor satellite images of ‘migrant trains’
Two-third Americans oppose paying ransom for hostages

Sports


International

© 2013 Oman Tribune. All rights reserved. Best viewed in 800 X 600 resolution