A Mauritius-based firm has served international arbitration notice to the government over a case related to alleged transfer of funds to Sun Direct TV.
The South Asian Entertainment Holding Ltd has claimed that an agreement between the Governments of India and Mauritius for promotion of investment has been breached.
It said the Indian government was invited to "amicably" resolve the dispute but New Delhi failed to respond and therefore it is proceeding for international arbitration.
The notice claimed that the CBI had accused the company of making "illegal payment" as part of investment into Indian company Sun Direct TV. "These payments are claimed by CBI to constitute a quid pro quo," it said.
It said India has "breached its obligation" under the treaty by bringing "improperly motivated and unmeritorious investment charge against the company".
The Enforcement Directorate had on February 6 told the special 2G court that there were money transactions which allegedly showed that Sun Direct TV Pvt Ltd (SDTPL) and South Asia FM Ltd (SAFL) received Rs 742.58 crore as "proceeds of crime" from Mauritius-based firms in Aircel-Maxis deal related money laundering case.
ED has chargesheeted former Telecom Minister Dayanidhi Maran, his brother Kalanithi Maran, his wife Kavery Kalanithi, K Shanmugam, Managing Director of SAFL and two firms SDTPL and SAFL as accused in the case filed under the provisions of the Prevention of Money Laundering Act (PMLA).
