Aircel-Maxis case: SC tells Subramanian Swamy to summit evidence to prove Chidambaram's role

Swamy agreed to provide the court with the material in two weeks.

Aircel-Maxis case: SC tells Subramanian Swamy to summit evidence to prove Chidambaram

In the latest development of Aircel-Maxis case, Supreme Court on Friday told BJP leader Subramanian Swamy to show "some concrete documentary proof" of former FM P Chidambaram's role in alleged illegality in permitting Malaysian firm Maxis to acquire 100% stake in Aircel through FDI in 2006, reports The Times of India.

Swamy agreed to provide the court with the material in two weeks.

A  bench of Chief Justice J S Khehar and Justice N V Ramana and Justice D Y Chandrachud said: "Issuing notice on your petition is no big deal. We can issue notice to the smallest and the biggest or the highest. But we do so only when we are satisfied that there is at least some prima facie proof of involvement."


Swamy said his petition had nothing to do with the discharge of the Maran brothers in the Aircel-Maxis deal case.

"What I want is a probe into Chidambaram's role for the two-fold illegalities committed by him. One, no foreign firm was permitted to acquire 100% stake in an Indian company, whether directly or indirectly. Two, the total deal was worth Rs 3,500 crore and Chidambaram could not have accorded Foreign Investment Promotion Board permission without mandatorily sending it to Cabinet committee on economic affairs (CCEA)," he said.

The BJP leader said the regulations prohibited the FM from approving FDI of more than Rs 600 crore and he should have sent Maxis's proposal for CCEA clearance.

“Was he [the former Finance Minister] aware of the fact that the deal was over Rs. 600 crore and he had to send it to the CCEA?” Chief Justice Khehar asked.

Swamy responded: “He was the Finance Minister. There is a presentation of the proposal before the FIPB. He needs to know."