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Aircel Maxis case: Filing charge sheet against T. Ananda Krishnan will improve investment confidence in India
TT Correspondent |  |  23 Jul 2014

Attorney General Mukul Rohatgi has given opinion in favour of filing charge sheet against Maran brothers – Dayanidhi and Kalanithi for alleged acts of wrongdoing, including quid pro quo in Aircel Maxis deal. This has been reported widely in the Indian print and visual media. Obviously, this has a political background to it.

However, what is not reported at all but is more important is that the A-G has also opined filing chargesheet against the Malaysian businessman T. Ananda Krishnan.

It is more important in terms of improving business environment in India. Here is a case where a foreigner comes to India. Conspires with a minister and forces an Indian businessman out of his business.

If Indian agencies do not take any action against Krishnan, it will send bad signals and people will not have confidence in the government. Remember, it is a two way street. An Indian businessman can also usurp foreigner’s business in India.

No good corporate house will do business in India.

                                                                        

By punishing Ananda Krishnan and Marans, India should show the world that it has zero tolerance policy towards criminal activities in the name of business.

The CBI sought the opinion of the A-G after the investigating officer, his supervisor and the Director of Prosecution favoured launching prosecution against Mr. Maran but CBI Director Ranjit Sinha held a contrary view.

Last year, CBI had informed the Supreme Court that the offshore investigation into the Aircel-Maxis deal got grounded as the Malaysian government had said that there was nothing against T. Ananda Krishnan, owner of Maxis, which bought Aircel from its original owner Sivasankaran.

    
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23 Jul 2014(IST)  
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