Malaysia bigwig stalling Aircel-Maxis case probe, CBI tells Supreme Court

[email protected] (The Hindu)
November 8, 2012

DayanidhiMaran

New Delhi, November 8: The Central Bureau of Investigation on Wednesday informed the Supreme Court that a politically and economically powerful person in Malaysia was stalling the probe into the foreign angle in the Aircel-Maxis case involving the former Union Minister, Dayanidhi Maran, and others.

Senior counsel K.K. Venugopal, appearing for the CBI and the Enforcement Directorate, told a Bench of Justices G.S. Singhvi and K.S. Radhakrishnan that the agency had completed the domestic investigation. Letters Rogatory had been sent to Malaysia and Mauritius to establish a link between the investments (in Sun Direct) made by the Maxis group and grant of licence to Aircel.

‘Prima facie nexus’

Even as counsel read out salient features of the latest status report on the probe, Justice Singhvi orally observed: “Allegations prima facie indicate a nexus. Six applications were filed for grant of spectrum but there was a deliberate delay in taking the decision. When the party sold [Aircel] licence was granted.”

Mr. Venugopal said: “We have to establish that Malaysia-based Maxis was the holding company of the Mauritius company through which investments were made. For establishing a nexus we have to know the source of funds and the link has to be established. Ten officials of FIPB [Foreign Investment Promotion Board] have also been examined.”

When Justice Radhakrishnan asked, “Do you feel any of the persons named in the FIR in the Maxis-Aircel case is delaying the investigation,” counsel said, “A politically and economically powerful person in Malaysia is delaying the probe. We have sent a Letter Rogatory and clarifications had also been given, but a further clarification had been sought from the CBI and they wanted to know whether there is any evidence, which is uncalled-for.”

He said the Mauritius government was extending full cooperation and the delay was on the part of Malaysia in giving information. To a question from the Bench, he said Malaysia was bound by the Mutual Legal Assistance Treaty, yet there was delay in its furnishing the information.

According to the First Information Report registered by the CBI last year, Sivasankaran (who had originally sought spectrum licence) was forced to sell Aircel. In March 2006, the Maxis group owned by Malaysian business tycoon T. Ananda Krishnan bought 74 per cent stake in Aircel. The company got FIPB approval in May 2006. In November 2006, the Department of Telecommunications issued to Aircel 14 Letters of Intent, all of which were converted into licences in December 2006. Within three months of this development, Mr. Maran’s family owned business (Sun Direct) received substantial investment from the Maxis Group (Aircel), which took 20 per cent equity. The FIPB approved this investment on March 2 and 19, 2007. The Maxis group invested a total of Rs 599.01 crore in Sun Direct between December 2007 and December 2009.

Arguments will continue on Thursday.

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News Network
April 27,2020

New Delhi, Apr 27: Prime Minister Narendra Modi on Monday held a video conference with chief ministers to discuss the situation arising due to the coronavirus pandemic in the country, which has been under a lockdown since March 25 to contain the spread of the virus, amid indications that the interaction would also focus on a graded exit from the ongoing lockdown.

This is Modi's fourth such interaction with state chief ministers since March 22 when he discussed coronavirus situation and steps taken both by the Centre and the states to contain the pandemic.

Two days later on March 24, Modi announced a 21-day nationwide lockdown. He extended the lockdown by 19 days on April 14, the last day of the initial three week shutdown, till May 3.

Sources in the government had on Sunday indicated that besides discussing the way forward in dealing with the pandemic, the prime ministers and chief ministers could also focus on a "graded" exit from the lockdown.

In a tweet on Monday, the Prime Minister's Office said Modi and the chief ministers will be discussing aspects relating to the COVID-19 situation.

In his monthly 'Mann ki Baat' radio address on Sunday, the prime minister said the country is in the middle of a 'yudh' (war) and asserted that people have to continue being careful and take precautions.

His note of caution came amidst gradual exemptions being granted by the Centre and states to revive economic activities.

"I urge you not to get overconfident. You should in your over-enthusiasm not think that if the coronavirus has not yet reached your city, village, street or office, it is not going to reach now. Never make such a mistake. The experience of the world tells us a lot in this regard," Modi said while referring to a popular Hindi idiom 'Sawdhani hati, durghatna ghati' (disaster strikes when you lower your concentration).

The Centre and the state governments have been giving gradual exemptions to boost economic activities as also to provide relief to people as some states want further relaxation in areas which have seen few or no coronavirus cases.

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News Network
July 10,2020

London, Jul 10: India's Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap deal the parties say is permitted under the US sanctions regime on the Latin American country, according to a Reliance source and a shipping document from state oil firm PDVSA.

Washington has exempted some Venezuelan oil trade from sanctions when transactions are in exchange for fuel and food or to repay debts rather than for cash. But that trade slowed as the US tightened restrictions and refiners, shippers and insurers have been steering clear of Venezuela to avoid any risk they may fall foul of sanctions.

Washington aims to deprive Venezuelan socialist President Nicolas Maduro of his main source of revenue with the sanctions, which have driven Venezuelan oil exports to their lowest level since the 1940s.

Reliance gave the US State Department and the Office of Foreign Assets Control (OFAC) notice of the diesel swap and received word back that the policies that allowed the transaction were still in place, the Reliance source told Reuters.

Reliance has previously said that its supplies of fuel to PDVSA in exchange for crude were permitted under sanctions.

An oil tanker named Commodore would load the cargo of crude in Venezuela and ship it to India, the tanker's manager NGM Energy said.

"All details of the transaction and transportation were shared with US authorities, who confirmed that the U.S. policy authorizing such transactions remained in place," NGM Energy said in a statement to Reuters.

"The shipment is made in connection with the humanitarian exchange of oil for diesel fuel."

The Commodore is loading a 1.9-million barrel cargo of crude for Reliance at Venezuela's main oil port of Jose, according to an internal PDVSA cargo schedule seen by Reuters.

The Liberian-flagged Commodore was at the Jose Terminal on Thursday, ship tracking data on Refinitiv Eikon showed.

The US State Department, Treasury's enforcement arm OFAC, and PDVSA did not immediately respond to a request for comment.

Reliance has a swap deal to provide diesel to Venezuela in exchange for fuel but has not received a cargo of crude since April. Sources at Indian refiners told Reuters earlier this year they planned to wind down their purchases of Venezuelan oil to avoid any problems with supply due to sanctions.

Other long-time customers of PDVSA, including Italy's Eni and Spain's Repsol, have continued taking cargoes of Venezuelan crude this year under permission granted by the US Treasury Department to exchange the oil for diesel supply as part of debt repayment deals, according to sources from the companies.

NGM Energy also manages the Voyager I tanker, which the United States removed from its list of sanctioned vessels last week after NGM and the ship's owner Sanibel Shiptrade said they would increase measures to ensure vessels complied with international sanctions.

"Last month, NGM Energy SA adopted a firm policy of not allowing vessels under its commercial management to trade to Venezuela, or to carry Venezuelan petroleum cargoes, absent US government authorization," NGM said.

"NGM continues to stand by that pledge."

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News Network
June 24,2020

New Delhi, Jun 24: With the highest single-day spike of 15,968 cases and 465 deaths in the last 24 hours, India's COVID-19 count reached 4,56,183 on Wednesday.

According to the latest update by the Union Ministry of Health and Family Welfare (MoHFW), 14,476 deaths have been recorded due to the infection so far in the country.

The count includes 1,83,022 active cases, and 2,58,685 cured/discharged/migrated patients.

Maharashtra with 1,39,010 confirmed cases remains the worst-affected by the infection so far in the country. The state's count includes 62,848 active, 69,631 cured, discharged patients while 6,531 deaths have been reported due to the infection so far.

Meanwhile, the national capital's confirmed coronavirus cases reached 66,602.

2,301 deaths have been reported in Delhi due to the infection so far.

Tamil Nadu has reported 64,603 cases so far with the death toll reaching 833.

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