Probing Chidambaram's role in Aircel-Maxis deal: CBI tells court

Says former FM should have referred the deal to CCEA

The CBI today told the special 2G court that it was investigating former Finance Minister P Chidambaram's role in the Aircel-Maxis case.

 

The agency contended that Finance Minister was competent to give approval of upto Rs 600 crore but Chidambaram approved the deal that was worth $800 million (approximately Rs 3,500 crore).

 

It said that the matter should have been referred to the Cabinet Committee on Economic Affairs (CCEA) and they are probing as to how Chidambaram gave the approval.

 

"For investment of over Rs 600 crore, CCEA was competent to give approval. This is under investigation and we have not concluded the probe on this aspect yet," CBI prosecutor K K Goel said.