Comments
In a setback to the Maran brothers, the Madras High Court today dismissed petitions filed by the Kalanithi Maran-owned Sun TV and Kal Communications challenging the attachment of their properties by the Enforcement Directorate in connection with money laundering probe in the Aircel-Maxis deal.
Dismissing the petitions, Justice M Sathyanarayanan said he was not inclined to entertain the plea and directed that Sun TV and Kal Communications approach the Supreme Court which is monitoring the Aircel-Maxis case.
The petitions challenged the March 31 provisional attachment order of the ED attaching assets worth Rs 742.58 crore in the name of former telecom minister Dayanidhi Maran, his businessman brother Kalanithi and other family members under provisions of the Prevention of Money Laundering Act (PMLA).
The High Court had on June 2 reserved its orders on the petitions.
The properties of Sun TV and Kal Communications in several localities here, Tiruchirappalli, and Bengaluru have been attached by ED in the case filed by CBI on September 20, 2011.
This was for alleged illegal gratification amounting to Rs 742.58 crore received by Dayanidhi Maran under the guise of investments in Sun Direct Television Pvt Ltd (SDTPL) and South Asia FM Ltd (SAFL) companies.
It was alleged by CBI that the illegal gratification was received during December 2007 to 2011.
CBI has further alleged that proceeds of the crime were infused in the aforesaid companies and transformed into various types of properties.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.