Sivasankaran

It appeared to be the coup de grace of a Canadian dirty money probe into real estate: a sprawling island manor off the coast of Vancouver that the government said was linked directly to an alleged criminal conspiracy at a state-run Indian bank.

The Enforcement Directorate (ED) on Friday said it has attached assets worth Rs 224.6 crore of a firm linked to former Aircel promoter C Sivasankaran in connection with a money laundering probe in an alleged multi-crore loan fraud at IDBI Bank.

C Sivasankaran allegedly took a loan of Rs 530 crore in February 2014. This swelled to Rs 600 crore after becoming NPA, officials said.

Former Finance Minister P Chidambaram has said that in 2006 he approved the sale of telecom company Aircel to a Malaysian group "in the normal course of business." The deal is being investigated for money-laundering and corruption by the CBI as well as the Enforcement Directorate or ED, which handles financial crimes.

In a 435-page order, a special CBI court in Delhi today acquitted former Telecom Minister Dayanidhi Maran, his brother and Managing Director of Sun group Kalanithi Maran, and then telecom secretary JS Sarma in the Aircel Maxis case. The main charge in the scam was that Dayanidhi Maran, in his position as the telecom minister between 2004-2007, coer...

It has been alleged that Marans had coerced C Sivasankaran, then owner of Aircel, to sell his shares to T Ananda Krishnan, who was the promotor of Malaysian company, Maxis.

Batelco, via wholly-owned subsidiary BMIC, had sued Siva and its chairman Chinnakannan Sivasankaran for $174.5 million it paid Chennai-based Siva for a 43 per cent stake in Indian operator S Tel in 2009, plus $10.3 million and a further $30,000 a day.

Norway's Telenor is in talks to merge its Indian operations with Tata Teleservices to gain a bigger foothold in the world's second-biggest mobile phone market, a source said on Tuesday.

"We are willing to return the 2G and 3G spectrum back to the Government and offer the entire infrastructure developed thus far in the six category 'C' circles...I'm constrained to make a genuine representation and seek a fair and equitable solution from the government to protect our investment," Siva Group Chairman C Sivasankaran's letter said.

The pressure on Union Textile Minister Dayanidhi Maran has intensified after former Aircel boss Sivashankaran told the CBI that he was arm twisted into selling Aircel to Maxis when Maran was telecom minister. But just who is Sivasankaran? Sivasankaran, former promoter of telecom company Aircel, and the Maran brothers were once friends. But ...

Sources say the CBI is verifying crucial evidence that could establish how Dayanidhi Maran as Telecom Minister promoted the interests of Sun TV, a company owned by his brother.  Mr Maran, who is from the DMK, quit yesterday as Textiles Minister after the CBI said it has evidence that he misused his office as Telecom Minister (Mr Maran held the...

The entrepreneur who owned telecom Aircel till 2006 has alleged that Union Minister Dayanidhi Maran threatened him into selling his company to an industrialist who Mr Maran was allegedly close to.C Sivasankaran's statement against Mr Maran was recorded on Monday by the CBI as part of its investigation into the 2G scam. At the heart of the controver...

Dayanidhi Maran and A Raja, who have both served as Telecom Minister, will depose for the Joint Parliamentary Committee (JPC) that's investigating the 2G scam. A total of 85 witnesses are to be summoned. They will include representatives of top industrialists and BJP members like Arun Shourie and Yashwant  Sinha who handled telecom policy duri...

The CBI is now actively pursuing complaints of a telecom scam allegedly engineered by Dayanidhi Maran while he was the Communications and Technology Minister.The former owner of Aircel has told the CBI today that he was pressured by Mr Maran's ministry to sell the telecom company in 2006 to an industrialist from Malyasia. "I felt strangulated," he ...

It appeared to be the coup de grace of a Canadian dirty money probe into real estate: a sprawling island manor off the coast of Vancouver that the government said was linked directly to an alleged criminal conspiracy at a state-run Indian bank.

The Enforcement Directorate (ED) on Friday said it has attached assets worth Rs 224.6 crore of a firm linked to former Aircel promoter C Sivasankaran in connection with a money laundering probe in an alleged multi-crore loan fraud at IDBI Bank.

C Sivasankaran allegedly took a loan of Rs 530 crore in February 2014. This swelled to Rs 600 crore after becoming NPA, officials said.

Former Finance Minister P Chidambaram has said that in 2006 he approved the sale of telecom company Aircel to a Malaysian group "in the normal course of business." The deal is being investigated for money-laundering and corruption by the CBI as well as the Enforcement Directorate or ED, which handles financial crimes.

In a 435-page order, a special CBI court in Delhi today acquitted former Telecom Minister Dayanidhi Maran, his brother and Managing Director of Sun group Kalanithi Maran, and then telecom secretary JS Sarma in the Aircel Maxis case. The main charge in the scam was that Dayanidhi Maran, in his position as the telecom minister between 2004-2007, coer...

It has been alleged that Marans had coerced C Sivasankaran, then owner of Aircel, to sell his shares to T Ananda Krishnan, who was the promotor of Malaysian company, Maxis.

Batelco, via wholly-owned subsidiary BMIC, had sued Siva and its chairman Chinnakannan Sivasankaran for $174.5 million it paid Chennai-based Siva for a 43 per cent stake in Indian operator S Tel in 2009, plus $10.3 million and a further $30,000 a day.

Norway's Telenor is in talks to merge its Indian operations with Tata Teleservices to gain a bigger foothold in the world's second-biggest mobile phone market, a source said on Tuesday.

"We are willing to return the 2G and 3G spectrum back to the Government and offer the entire infrastructure developed thus far in the six category 'C' circles...I'm constrained to make a genuine representation and seek a fair and equitable solution from the government to protect our investment," Siva Group Chairman C Sivasankaran's letter said.

The pressure on Union Textile Minister Dayanidhi Maran has intensified after former Aircel boss Sivashankaran told the CBI that he was arm twisted into selling Aircel to Maxis when Maran was telecom minister. But just who is Sivasankaran? Sivasankaran, former promoter of telecom company Aircel, and the Maran brothers were once friends. But ...

Sources say the CBI is verifying crucial evidence that could establish how Dayanidhi Maran as Telecom Minister promoted the interests of Sun TV, a company owned by his brother.  Mr Maran, who is from the DMK, quit yesterday as Textiles Minister after the CBI said it has evidence that he misused his office as Telecom Minister (Mr Maran held the...

The entrepreneur who owned telecom Aircel till 2006 has alleged that Union Minister Dayanidhi Maran threatened him into selling his company to an industrialist who Mr Maran was allegedly close to.C Sivasankaran's statement against Mr Maran was recorded on Monday by the CBI as part of its investigation into the 2G scam. At the heart of the controver...

Dayanidhi Maran and A Raja, who have both served as Telecom Minister, will depose for the Joint Parliamentary Committee (JPC) that's investigating the 2G scam. A total of 85 witnesses are to be summoned. They will include representatives of top industrialists and BJP members like Arun Shourie and Yashwant  Sinha who handled telecom policy duri...

The CBI is now actively pursuing complaints of a telecom scam allegedly engineered by Dayanidhi Maran while he was the Communications and Technology Minister.The former owner of Aircel has told the CBI today that he was pressured by Mr Maran's ministry to sell the telecom company in 2006 to an industrialist from Malyasia. "I felt strangulated," he ...