Ex-finanace minister of India charged with graft | The Daily Star
12:00 AM, July 20, 2018 / LAST MODIFIED: 01:23 AM, July 20, 2018

Ex-finanace minister of India charged with graft

Indian police yesterday charged a top opposition leader P Chidambaram with abuse of power in a multi-billion dollar scandal when he was finance minister.

Chidambaram confirmed the charge and said he would "vigorously" contest the case filed by the Central Bureau of Investigation (CBI) anti-corruption watchdog. The CBI accused the former minister of abusing power in allowing foreign investment by Malaysian group Maxis in telecom company Aircel in 2006.

The CBI has alleged that Chidambaram approved the half billion dollar Aircel-Maxis deal when it should have been referred to a cabinet committee.

Chidambaram served twice as finance minister and also as home minister in the Congress-led coalition which was defeated by Modi's nationalist party in 2014.

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