Aircel Maxis Case: Delhi High Court Stays Trial Court Proceedings Against P Chidambaram In ED Case

The Delhi High Court stayed the trial court proceedings against P. Chidambaram in the Aircel-Maxis case, where he is accused of money laundering and corruption. The court’s decision was based on Chidambaram’s challenge to the trial court’s cognizance of the chargesheet filed by the Enforcement Directorate, arguing a lack of sanction for prosecution. The case involves allegations of kickbacks received for granting FIPB clearance for foreign investment in Aircel by Maxis, with proceeds allegedly routed through companies associated with Chidambaram’s son.