ED urges apex court not to release attached Maran property in Aircel-Maxis case
A special court on Thursday discharged former Union Telecom minister Dayanaidhi Maran, his brother Kalanithi Maran and all others accused in the Aircel-Maxis case, reports said.
Kalanithi Maran-owned Sun Television Network's (Sun TV's) stock price spiked 26 per cent to Rs 694, also its lifetime high, on the National Stock Exchange in early morning trade on Friday, reported Business Standard.
The Central Bureau of Investigation and the ED had alleged Dayanidhi Maran, as Minister in the UPA-I government, used his influence to help Malaysian businessman T.A. Ananda Krishnan buy Aircel by coercing its owner Sivasankaran to part with his stake.
The court was to frame charges against Dayanidhi and Kalanithi but found no ground to proceed against them and the rest of the accused.
The court also gave a clean chit to Sun Direct TV (P) Ltd and South Asia Entertainment Holdings Limited, Mauritius, reported The Indian Express.
Image: The Hindu
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
