Stab me but don't question on my integrity, said 'emotional' Chidambaram in RS today
Giving a clarification in Rajya Sabha regarding his or his family's alleged role in the connection of any deal with Aircel or any other telecom company, Home Minister P Chidambaram today turned 'emotional' and said, "Plunge a dagger in my heart rather than question my integrity."
Ruling out the allegation leveled to his son Karti for making deal with with Aircel, Chidambaram said that when he was the post of Finance Minister, no illegitimate transfers were made to any company involving any of his family members.
"Neither I, nor any member of my family has any equity in any telecom company."
The issue was raised in the upper house by leader of opposition Arun Jaitley. He did not take any names, but alluded that Oxbridge -- in which Advantage Consultancy, partly owned by Chidambaram's son Karthi -- received money from Aircel.
Seeking to give more details, Jaitley said Maxis, the Malaysian company which acquired shares in Aircel, had declared to Malaysian stock exchange that it acquired more than 99 percent shares in Aircel.
But the Indian policy permits no more than 74 percent share to foreign investors in telecom ventures. The money was allegedly transferred by Aircel chief C Sivasankaran on the eve of FICB clearance to the Aircel-Maxis deal.
The home minister, however, said his "family" had nothing to do with Oxbridge.
"It is true my son had shares in Advantage consultancy. But young men have all the right to a start business. He invested Rs 1.8 lakh in the company, which had another share holder -- Rajesh," the home minister said.
The minister, however, said Karthi had sold his share in the firm to his friend and has no holdings in the company. He further clarified that Advantage took shares in Oxbridge only in 2011, much after the 2006 clearance to the Aircel-Maxis deal.
The leader of opposition questioned how both Oxbridge and Advantage had the same e-mail address in 2006, to which Chidambaram said he was not aware "if they shared the same web address".
"I don't deny that the promoters of Oxbridge and Advantage did know each other. All are doing business in Chennai," he said.
He also said whether or not the Malaysian company gave wrong information to some other country could be examined by the finance ministry. But the FIPB gave its clearance in 2006 for a stake below 74 percent.
He also dismissed allegations for delaying the process of clearance.
--With IANS Inputs--
Read More: Chennai Super Kings | P. Chidambaram | Chidambaram | A P Sabha Po | Chorvad Holiday Home Bo | Karti Bk | Andhra Mahila Sabha | A.c.company | Chennai Gpo | Hindi Prachar Sabha So | Chennai Airport | Chennai National Terminal | Chennai Race Course | North Chennai Thermal Pp | Chidambaram Cutcherry | Chidambaram East | Chidambaram North Edso | Chidambaram R.s. | Chidambaram West | Ernakulam Hindi Prachar Sabha
SHIKARA TREK BEGINS IN J&K AFTER 30 YEARS (NNIS Exclusive)
May 25, 2013 at 11:05 PM
CONG LEADER KILLED, PARTY CHIEF ABDUCTED IN NAXAL ATTACK IN CG
May 25, 2013 at 10:29 PM
SWAMY TO NNIS : CALL FOR BCCI CHIEF'S RESIGNATION IS ORCHESTRATED
May 25, 2013 at 9:46 PM