Chennai: In a major setback for the Maran brothers, the Madras High Court has dismissed their petition against the Enforcement Directorate (ED) attaching properties owned by them in connection with the aircel-maxis deal.
The ED had attached assets worth Rs 742 crores in April in the name of former telecom minister Dayanidhi Maran and his brother Kalanithi Maran in Aircel-Maxis case.
The High Court has refused to intervene as the case is being monitored by the Supreme Court. Dayanidhi Maran who served as Telecom minister in the UPA government has been accused of receiving bribes and favouring Aircel in various deals that were owned by Maxis.
The CBI had alleged in the court that Dayanidhi Maran had "pressured" and "forced" Chennai-based telecom promoter C Sivasankaran to sell his stakes in Aircel and two subsidiary firms to Malaysian firm Maxis Group in 2006.
The Malaysian firm was favoured by Maran and granted licence within six months after the takeover of Aircel in December 2006, it had said.
They have been chargesheeted for the offences punishable under Section 120-B (criminal conspiracy) of IPC and under relevant provisions of Prevention of Corruption Act.
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