Millennium Post

SC stops Malaysia’s Maxis Group in dealing with 2G spectrum

SC stops Malaysia’s Maxis Group in dealing with 2G spectrum
Malaysian business tycoon T Ananda Krishnan and other foreigners accused in the Aircel-Maxis deal case who have been evading court summons and warrants on Friday faced the heat of the Supreme Court which restrained his Maxis Group from “selling or trading” the licenses of 2G spectrum.

The court said it “cannot tolerate that a person uses India’s national resources and evades the law”.

Krishnan and former Telecom Minister Dayanidhi Maran, his brother Kalanidhi Maran and five others were charge sheeted by CBI in the probe related to the money trail of around Rs 600 crore allegedly used as bribe in the Aircel-Maxis deal.

Maran brothers have been accused of pressuring and coercing Chennai-based telecom promoter C Sivasankaran, who got 2G licenses in 2006, to sell his stakes in Aircel and two subsidiary firms to Malaysian firm Maxis Group.

“We cannot tolerate a person using the national resources such as spectrum of India and not honouring the court notice.

You (Krishnan) cannot evade the process of law. You must come here from Malaysia and face the law if you want to use the spectrum,” a bench headed by Chief Justice J S Khehar said.

The apex court also stayed the “selling and trading in the 2G Spectrum” under its consideration which was originally granted to Aircel in 2006 and said that failure of Krishnan and other foreign accused to submit before the court of law here would entail passing of the proposed order of restraining the earning of any revenue by using the 2G spectrum licenses.

The bench also comprising Justices N V Ramana and D Y Chandrachud asked Krishnan, Malaysian national Augustus Ralph Marshall and two accused companies – Malaysia’s Maxis Communication Berhad and Astro All Asia Network PLC – to put in their appearance before the apex court within two weeks.
M Post Bureau

M Post Bureau

Our contributor helps bringing the latest updates to you

Share it