Aircel-Maxis case: ED confiscated assets worth Rs. 740 crores from Maran brothers

aircel-maranEnforcement Directorate (ED) seized the bank accounts and properties worth Rs. 740 crores in the name of former telecom Union Minister Dayanidhi Maran and his brother Kalanidhi Maran today in Aircel-Maxis case. The action was taken on the grounds that Maran brothers allegedly favoured the Malaysian firm Maxis Group to take over the telecom Aircel.

In the charge sheet filed during August 2014, CBI alleges Dayanidhi Maran of forcing C. Sivasankaran, a Chennai-based businessman to sell his stake in Aircel. Mr. Maran, then accepted the gratification worth Rs. 750 crores from Maxis in the form of investments through Astro Network, a company owned by Maran family, and sold 74% equity of Aircel to T Ananda Krishnan, a Malaysian businessman. Mr. Krishnan paid around Rs. 3,390 crores for the stake. Apart from the named three, four others are also involved in this deal.

Although Mr. Maran and Maxis Group have denied the charges, CBI has filed the case under IPC Section 120-B (criminal conspiracy) and other relevant provisions of Prevention of Corruption Act. The action of seizure came after ED questioned Dayanidhi Maran at its Delhi office in last four months. ED is probing the case based on CBI’s FIR filed in the case.

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5 Comments on "Aircel-Maxis case: ED confiscated assets worth Rs. 740 crores from Maran brothers"


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April 2, 2015 1:03 pm 1:03 PM

Even if Maran swallowed a large , he reduced theroaming incoming call charge from Rs.2.99 per minute to Rs.1.75 per minute in 2006 or so. He also introduced BSNL one india plan where all India calls are charged only Rs.1.00 per minute.

Buy jaya swallowed people money, burnt the Dharmapuri medical college students, worst powercut in Tamilnadu till Dec 2014. What more?.

April 2, 2015 11:02 am 11:02 AM

What happened to 2G scam king A Raja?

April 2, 2015 10:58 am 10:58 AM

k d brothers