News Alert

Top of the News

National

The Courts

Business

States Scan

International News

 

Lens on Books

 

     Newsletter Signup


No delay in clearing investment by Aircel-Maxis in 2006: Govt


New Delhi, May 14 - Government today dismissed Opposition charges of delay in clearing investment by Aircel-Maxis in 2006 by then Finance Minister P Chidambaram declaring there was "no scope for misunderstanding and misinformation" on the issue.

"There is no scope for any misunderstanding and misinformation. ....in both cases there was no delay in granting the approvals," Finance Minister Pranab Mukherjee said in a statement in the Lok Sabha seeking to put a lid on the controversy.

Giving dates on which the application for investment was made and the final approval was granted, Mukherjee said it was clear that the proposal was processed in the normal course and approval granted in the normal course without any delay.

His statement came three days after the issue rocked Parliament with the Opposition alleging a big scam and demanding resignation of Chidambaram for his alleged role in the Aircel-Maxis deal.

But the Home Minister had dismissed the charges saying neither he nor any member of his family was involved. Chidambaram had read out a statement issued by his son Karthi "as part of my statement".

"I categorically state that neither I nor any member of my family have acquired or hold any share in any telecom company. In particular, I categorically state that neither I nor any member of my family have acquired or hold any share in either Aircel or Maxis," the Home Minister had then said. PTI
 

comments powered by Disqus
 
 
 
 
Home   |   About Us    |   Our Team   |   Contact Us   |   Privacy Policy   |  Terms Of Use   |   Sitemap
Copyright © 2011 lensonnews.com All rights reserved.