Former Telecom Minister Dayanidhi Maran, his brother Kalanithi Maran and four others appeared before a special court on Monday in pursuance of the summons issued to them in a Aircel-Maxis deal-related money laundering case and moved their bail pleas.
CBI arrests Karti; big setback for P Chidambaram: Is the father staring at political downfall triggered by son?
Karti had once jokingly said that having an Aircel SIM card is his only involvement in the Aircel-Maxis deal. But, it is unlikely that there will be any takers for his jokes
There was sufficient prima facie material to proceed against former telecom minister Dayanidhi Maran in the Aircel-Maxis deal related money laundering case, the ED claimed on Monday.
The Supreme Court on Friday asked former Telecom Minister Dayanidhi Maran to appear before CBI for six days, starting 30 November, for questioning in the telephone exchange case.
Kapoor will take up his new assignment in February next year, Vistara said.
Singh, the original co-founder, took back the reins last December amid SpiceJet facing turbulent times.
The Supreme Court on Friday stayed the proceedings before the adjudicating authority on the Enforcement Directorate's provisional order attaching Maran family owned Sun TV's assets worth Rs.742.6 crore in an alleged money laundering case rooted in controversial Aircel-Maxis deal.
Former Union Telecom Minister Dayanidhi Maran moved the Supreme Court on Tuesday challenging the Madras High Court's decision to cancel his bail and asking him to surrender.
Madras HC on Monday cancelled anticipatory bail to former Union minister and DMK leader Dayanidhi Maran, prompting markets to adversely react to the development
The judge granted three days for Maran to surrender before CBI before 4.30 pm on 13 August.
The PMO is said to be against getting involved in the matter or giving any relief to the Sun TV Network as that may invite judicial scrutiny despite the AG's opinion favouring security clearance to the group, sources said.
CBI on Friday questioned former Telecom Minister Dayanidhi Maran for the third consecutive day on Friday
The I&B ministry issues broadcasting licences for which companies require a security nod from MHA.
Sun TV stock has crumbled 47 percent from its 52-week high level
Stock has shot up 92 percent in last nine months
During this quarter, Singh, the carrier's original founder-director took back its control after acquiring the entire 58.46 percent stake of Kalanithi Maran and Kal Airways Pvt. Ltd in February as part of a revival plan.
The Union Home Ministry may not grant licence to Kalanithi Maran-promoted Sun TV Network’s group companies for alleged involvement of its owners in 2G spectrum scam and Aircel Maxis cases before various courts and investigating agencies.
Perhaps Swamy's continued threats may also compel him to reveal the price at which the Marans sold out
Subramanian Swamy has waded into the controversy over the acquisition of a controlling stake by former promoter Ajay Singh in SpiceJet.