SC threatens to seize 2G spectrum from Aircel Maxis
The Supreme Court bench led by newly instated Chief Justice of India, J S Khehar, has directed the Department of Telecommunication (DoT) to initiate process to sell the spectrum of Aircel if the promoter of Maxis, Ananda Krishnan refuses to return back to India and extend co-operation with the investigative agencies.
Furthermore, it restrained Aircel from transferring any rights in 2G spectrum and coming down heavily on the maxis promoter said, “It wants to ensure that the Malaysian Businessman & T Anantha Krishnan faces trial.”
The bench said that they would not like anyone to benefit from Indian assets such as spectrum if they did not honour Indian courts. It also proposed to block the revenues earned by Aircel if its promoter refused to appear for the case. In an unprecedented move, SC has also asked for the government’s view on devising ways to transfer Aircel’s spectrum to other service providers if Krishnan refused to appear and co-operate for investigation.
Supreme Court has also asked for the government’s view on devising ways to transfer Aircel’s spectrum to other service providers if Krishnan refused to appear and co-operate for investigation.
The Government of India has been further directed by the Apex court to publish Friday’s order in two newspapers in Malaysia saying that the order is to ensure ‘the appearance of Krishnan and the other Malaysian accused.’
It is to be noted that the Malaysia-based Maxis is accused of paying a Rs 713 crore bribe to get the spectrum license in 2006, awarded to Aircel during former telecom minister Dayanidhi Maran’s tenure.
Even though CBI filed chargesheet in the case in 2014, trial is still pending. It named the Maxis owner and the company and two other senior officials as accused in the case. Maran is also an accused in the case.