SC recommends cancellation of Spectrum for Aircel in 2g scam

By IndianCEO Team

Posted on January 6, 2017

Though the UPA is not in power, the scams un earthed during their tenure are still haunting them and the corporations involved.

Maxis a Singaporean firm which holds more than 70% in Aircel is supposed to attend court hearing, But the have been absconding for a long time.

Hearing bench at SC said ““If he is going to use an asset belonging to this country, he maybe anywhere in the world but must appear before us” The bench also suggested the cancellation of 2G licences they own if they continue to abscond the courts.

The case relates to allegations of irregularities by Dayanidhi Maran when he was communications minister between 2004 and 2007. Maran allegedly stalled approvals needed by telecom services provider Aircel Ltd and forced C. Sivasankaran, then owner of the telecom firm, to sell his company to Malaysia-based Maxis Communications.

In favor of the deal Maxis invested 650 crore in Dayanidhi owned  Sun tv.  CBI arrested karunadhi’s daughter kanimoli (Kanimozhi) and Raja in the same case and latter released on a bail.

Currently Interpol in the process of issuing red corner notices to the firm Representative Krishnan .

SC recommends cancellation of Spectrum for Aircel in 2g scam