Sivasankaran to appear before CBI on Monday
Former Aircel promoter C Sivasankaran is likely to appear before the Central Bureau of Investigation (CBI) in connection with the Aircel-Maxis deal on Monday.Updated: Jun 04, 2011 22:27 IST
Former Aircel promoter C Sivasankaran is likely to appear before the Central Bureau of Investigation (CBI) in connection with the Aircel-Maxis deal on Monday. The CBI sleuths will record his statement. Former telecom minister and current Union textiles minister Dayanidhi Maran is under the scanner of the CBI in the matter.
According to information, Sivasankaran will land at the CBI office on Monday to shed light on the circumstances leading to his exit from Aircel.
According to CBI sources, Sivasankaran has acquired the nationality of Seychelles. He has bought many properties in the country in the last few years. According to CBI officials, Siva is well-connected businessman with former FBI chief Louis J Freeh reportedly working as his attorney.
The Aircel-Maxis deal is under investigation as part of CBI’s preliminary enquiry into the implementation of telecom policy between 2001 and 2007. Sivasankaran or Siva as he is widely known, sold his 74% stake in Aircel to Maxis, a Malaysian telecom company owned by T Ananda Krishnan. The remaining stake went to the Apollo group.
According to sources, fortunes of Aircel changed dramatically after Sivasankaran's exit from the firm. The company was awarded licneces for seven more circles after the change in ownership. The CBI plans to make Sivasankaran a complainant in the matter to make a strong case.
First Published: Jun 04, 2011 22:26 IST